-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Another retailer about to call it quits on the Mug Mile.
Hmm, they’re just trying to put food on their table.
Flee is the word of the day, week, month and year and decade.
Only a few hundred thousand will do it this year and every year after.
Jeez.
Can you imagine what people who work in these shops must feel like at their jobs?
“Wonder when it’s my turn?” more likely than not.
“Hope I’m not murdered when it happens.”
Looting season is back — or as as BJ The Race Clown would call it — Retail Reparations