-- 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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And here we see the part of the minimum wage hike that these socialist fools never understand: it only drives up costs and inflation. The education system in this country has failed too many people over the years.
And the article quotes a co-owner saying they’ve simplified the menu to reduce prep time and therefore don’t need as many ees.
Educ system has produced complete economic-illiterates, and lotta them go into politics ! And run as Democrats !
I wonder if a simplified menu results in fewer customers.