-- 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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More freebies to criminals who violated marijuana laws in the name of the new equity nonsense. More pot stores to go along with the wig shops and tattoo parlors in water Tower Place.
Illinois prosperity.
A strip mall with video gaming, marijuana, vape shop, alcohol and lottery tickets.
Where is the bill to legalize prostitution so we can add that to the mall.
You can abortion clinics to that long list too.
But you can remove payday loan stores because they’re *bad* and *racist*.
https://news.wttw.com/2021/03/09/legislation-could-end-illinois-payday-loan-industry
And now with COVID restrictions, you can remove churches from that list of prosperity too.
This is Ford is everywhere and every time it is an awful policy