-- 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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This law appears to do a bunch of things except getting Foxx to actually do her job.
Is there a bill on his desk for the organized Property Tax Theft by taxing bodies? Tax rates and subsequent tax bills are calculated only after all the taxing bodies have turned in their budgets. There is no such thing as We only have X amount of tax $$$ so you have to live within your means. It’s like you buy a half a dozen Tesla’s and you go to your employer and say I need a raise to pay for them and they give you the raise no questions asked.
One of the other major issues with retail theft is the change in insurance coverage for retailers that has occurred over the last few years. Employees are generally covered by retailers’ policies if they are hurt on the job. But starting about four years ago retailer policies no longer cover employees who spot a thief and pursue him outside of the store. Too many incidents apparently where the employee was injured trying to apprehend the thief, getting hit by the getaway car, etc. Thieves now know that they wont be pursued by employees, and frequently taunt and flip the bird… Read more »