-- 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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So, Periwinkle gets $71 million for small businesses grants from the American Rescue boondoggle, and does such a poor job deciding which businesses get half that $71 million that she’s sued, and now has to get a court’s approval of which businesses she selects for the freebee. And, she can’t talk about whatever bad decisions they made, such that the court decided that she doesn’t get to decide anymore, because that’s all being litigated. And, she says she can’t talk about what she’s going to do with the remaining $30+ million because she’s been found at fault for how she… Read more »
Move your business to Indiana if you want to survive.
Otherwise enjoy chapter 7.
The unaccounted money has been distributed to relatives, friends and campaign donors of the democrats. The usual route grant money takes.
What is the difference you will be going broke it is just when. The sooner you leave the better for the business.
How many billion in Covid funds are still waiting to be spent? The inflation problem isn’t going anywhere until this free federal money is gone. What a mess.