-- 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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Is it an accident that COVID lockdowns are mainly affecting one of the last bastions of independent small business in our economy- the independent restaurants? If they keep this up, we will have only the large chain restaurants left, just like they have done with retail. Amazon Dining coming soon to a neighborhood near you!
It is true, moving is the only choice. They will keep this up for a long, long time coming. And even if they call off those dogs, they’ll still try to divide people with the mask. There is zero reason to be in Chicago, or IL, anymore.
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After all the taxpayers paid for it.
I find it absolutely amazing that the people of Illinois are actually sitting back and allowing the Reds to use a completely phony crisis to bankrupt the states small business sector.
That after all, is the only thing that these “lockdowns” have achieved. It’s also interesting to note that they like using prison terminology to describe what they are doing.
lockdown noun
lock·down | \ ˈläk-ˌdau̇n \
Legal Definition of lockdown
: the confinement of prisoners to their cells for a temporary period as a security measure