-- 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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The never ending shout of racism, discrimination, equity, I’m so tired of hearing this bullshite.
Illinois Democrats Promoted Legal Marijuana As Social Justice For Minorities — DESPITE THE DANGER OF INCREASED TRAFFIC CRASHES — But The Promised Benefit For Minorities Was A BIG LIE
It’s more than just traffic crashes. It leads to more shootings and violent crime. Even that street preacher who slept on the top of buildings said that he sees firsthand the kids in the community high on cannabis 24/7 and they make really bad decisions. I am for legal marijuana in theory but today’s weed isn’t the ditch weed your stoner parents smoked in the 1970’s, it’s a highly concentrated extremely potent substance, when used in large amounts, can cause psychosis and violent behavior.
IIRC the equity applicants tend to have no access to capital due to bad credit/criminal histories/no business experience. If discriminating against broke a$$ felons with no business experience is discrimination, then yes, discrimination most certainly exists, and it’s the reason why 99.99% of the state’s residents don’t have cannabis licenses. Most of the equity applicants have said they just want to sell it off their equity licenses to non-equity investors anyways. Turns out that its just cheaper and easier for non-equity investors to get their own licenses instead of overpaying for an equity license. That’s my understanding of all of… Read more »
I’m all for the government getting out of the business and allow people grow their own or purchase from a non government business.