-- 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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Fast forward to 2028 and Chicago will be a restaurant desert and restaurant employment will have stabilized at zero!
It’s never good for taxpayers to have a bureaucrat making major financial decisions for a municipality, county, state, etc. who has little or no business acumen. Such a situation is just another form of taxpayer abuse.
Illinois Democrats are sure good at destroying small businesses!
Better yet, drive down the street and look at funnin’ youths, carjackers, robbers and other assorted dreck waiting to pounce upon you and wonder why people aren’t going out as much anymore.
Don’t be callin them young Capones!
Now, now they are just misguided youth who have ruined their neighborhoods and want to branch out and ruin others
It’s called the “Dem model “- foul your own nest and then seek out other environs to do likewise.