-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Shocked i tell you
“The legal marijuana business in Illinois is being controlled by a state-protected “Chicago cartel” that includes companies linked to the wealthy Pritzker, Wrigley and Kovler families, according to a lawsuit filed by a group called True Social Equity in Cannabis………The companies collude to control prices, with a pound of branded marijuana in Illinois going for about $4,000, compared with $300 in a competitive market like California, according to the suit by True Social Equity in Cannabis, which consists of pot consumers, workers and entrepreneurs.” Hahahaaha, no wonder the rollout of IL cannabis was a success, it’s an triopoly, with companies… Read more »