-- 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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Hmm…..sounds like he has to make a business decision…..
By the city’s logic, it’s the store owners fault for having something the perpetually aggrieved underserved want but don’t have money for. File next to Kia, taco trucks, high end stores etc. all of whom were told to hire more security, close earlier, go cashless , blah blah blah.
Give it up you will not win. Sell the inventory business and move out into another county.
It’s not worth the crap anymore or the money.
Unless the state allows lethal force for the protection of property it’s only going to continue to worse. Next they will be complaining about liquor deserts when they also all go out of business.
Good luck if you try calling the mayor for some help.