-- 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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Remember how state regulated reefer was going to result in a higher quality product, reduce the price and end gangs fighting over drug turf? That worked out well.
The underclass and the poor don’t buy weed at dispensaries because the taxes are high and the process is onerous. They check your ID like 7 times and they only want cash or debit card. Just anecdotally, I know several people who buy it off the street because it’s less than half the price and it’s the same quality. A relative of mine partakes quite a bit of weed himself and he scoffs at the idea of buying from a legal dispensary when his neighbor sells him the same product for less than half the price and no tax. He’s… Read more »