-- 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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As I have mentioned before the race card will be played while screaming “RAYSISSSS”!
Could be a good chunk of change that it will cost the business owner. 15 employees x 10 days off = 150 days off. That’s 1,200 hours x $16/hour = $19,200 in wages. What’s really interesting is how everyone hates on big corporations but when they come after the smaller business in the same way it’s different.
It’s no less harmful to White businesses, not just black business. That’s too many paid days off for small shops to have to absorb. Quite a financial burden for any place to bear, be they White or black owned.
Money is green, not white or black.