-- 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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Every time the socialist Chicago city council passes one of these intrusive laws on the private sector I think about why I got into business in the first place. I left the corporate sector because I wanted the freedom to control my own destiny. I wanted to put my own ideas in play, without the politics of political correctness in a socialized big corporate environment. Ultimately, I wanted the freedom to run my business the way I thought best. I wanted the freedom to make mistakes, but to innovate and get better. By most standards, I’m a decent person; I… Read more »
Wonderfully said. Having spent many years in the startup world, I have enormous respect for entrepreneurs like you, but the modern left is aligning against you.
This is a horrible idea that will kill jobs. http://pointsandfigures.com/2019/07/16/a-job-killing-business-killing-idea-from-chicago-city-council/
That part about using Facebook really rubs me the wrong way. Using that awful site for listing schedules and other work related info reeks of unprofessionalism. And as the article also notes points out, there are many who don’t wish to use that platform. Typical Chicago groupthink at work.
Article states that ordnance will be inforced thru Dept of Business Affairs & Consumer Protections–with thru brand new Office of Labor Sandards…great i couldnt imagine how many 100s of new afscme/seiu paper pushers that will take to keep track of all those time sheets, schedules, complaints..zero reporting on what it will $cost$ in this bankrupt city!!