-- 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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The stores will only carry SPAM. Hope the shoplifters like it.
https://www.youtube.com/watch?v=cFrtpT1mKy8
Grocery store margins only run 1 to 3 percent, pretty hard to make a profit.
There’s already a name for the new City of Chicago grocery store, “Gibs U Dat”. Totally taxpayer supported draining millions of tax dollars away from real needs, political hires, preferred vendors (wink wink), pensions, insurance, perks, and will be a total mess quickly. Yes, the Chicago way.
A city-run grocery store would likely be self-insured. How could it be otherwise? With daily shoplifting and looting, the store will be sucking up tax money like a BJ … Johnson
which public sec union will city run grocery store workers be represented by? SEIU, CTU, AFSCME, etc???
Same question for violence interrupters and I’m sure migrant shelter employees
The City of Chicago has proven how effective and ethical it is at managing other things like public safety, taxpayer money, and children’s education that managing grocery stores is a next, logical undertaking.
FAILED CITY ALERT: Chicago Bureaucrats Don’t Have The Management Skills To Manage A Lemonade Stand — And Now They Want To Operate A City Owned Grocery Store
Rejoice Comrades, your local Commissar-Rees will have all fresh loot.
Chicago-run municipal grocery store = free food pantry, at massive scale.
I remember the story of a Russian hockey players wife going to a US supermarket for the first time. She was buying everything for fear of a shortage, which was commonplace in the former Union Of Soviet Socialists Russia.
When Russian leader Yeltsin visited a Houston supermarket in 1989, he broke down and cried: “In September 1989, just two months before the fall of the Berlin Wall and amid the final years of the Soviet Union, a member of the Soviet Parliament paid a visit to a grocery store in the Clear Lake area… But on Sept. 16, 1989, Yeltsin just wanted to catch a glimpse of everyday American life. So, he asked to check out a local grocery store… Yeltsin, then 58, “roamed the aisles of Randall’s nodding his head in amazement,” wrote Asin. He told his fellow… Read more »
And it’s coming to neighborhood near you!
This is really GREAT! Tell us more Mr. Johnson.