-- 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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We went to a Greek family restaurant for brunch today, no problems. Philos(?) the owner was very pleasant and thanked us for coming it. OPAHHH!
This is a “Who’ll pick our cotton” argument. “Without the criminal illegal aliens being paid below minimum wage under the table how will we stay in business?” I trust the free market. These businesses will have to pay minimum wage and above to attract workers. Period. The businesses who are undercutting legitimate by-the-rules businesses will just go out of business. The free market is unbiased and it works.
This is great! They’re just doing a one day version of what Tom Homan and ICE are doing permanently. Welcome to the party!
If I had a small business, I’d offer a deal on that day no one could resist. Let’s see the conviction of the illegals then as they line up around the block. BTW, undercover ICE trucks will be parked around the corner.
Meanwhile, other businesses permanently close up shop.
And leave Illinois.
Does this mean that the freebies that these immigrants get will be cut off as well? Should one need to check and see a trip to the nearest hospital ER waiting room might hold the answer.
Please shut down and don’t come back!
Bfd