-- 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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Why are there food deserts? Because a business cannot survive in “certain ethnic” neighborhoods due to the huge losses from theft. Employees are robbed going or coming to work, vehicles damaged, broken into, stolen. The business property damaged or defaced and thousands of dollars to repair burglary entries. Why are there food deserts? Because the people who live there cause them.
Do they really think that people will risk their life savings, and life itself, to open a grocery store in areas where laws aren’t followed? Good luck to anyone who tries to swim against the current when that current gets stronger every single day.
Business Hostile/Economically Illiterate Illinois Democrats Have The Wrong Answer To Fix Food Deserts – Center Square