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.
Relating to another article here replacing humans with Ipads in the food service industry will solve this problem and lower costs meaning cheaper meals, drinks and better service. The service employees will lose their jobs but isn’t that what they wanted when they voted for the politicians that are proposing these new laws?
Time to pay back the Public Unions for their votes at the taxpayer expense. Government workers do not work for the taxpayer, the taxpayer works for them. They have gamed the system so now the honest hard-working taxpayer will pay out the nose or leave.
Is it just me, it seems with all the progressive politics stuff there’s never really any overall comprehensive plan to fix any of Chicago’s big issues (crime, education, astronomical debt, prop taxes, etc)? Just a never ending list of pet projects Alderman can attach their names to get themselfs in the progressive /virtue signaling lime light at Netroots conference or something. With most of the projects they dream up being copied from California or other lib states. And I’m 100% sure none of these alderman/ activists/ CTU types think for a second of the long term economic consequences, or have… Read more »
You are right. This is Death by a thousand cuts. As a strategy, you very rarely attack head on as you expose your true intentions. Think immigration, you have DACA, drivers license, enrollment in education, illegal for state law enforcement to detain based upon immigration status, civil rights protections now free health care and a flood of new immigrants. Why do they need a national “comprehensive” immigration policy, they already have more resources and access then US citizens? They are working to pass work permits for these new immigrants plus a generous living wage with full benefits. They dont care… Read more »
Between this — and the other ordinance — ending the tipped wage — restaurants will be closing left and right — that will be a glorious socialist triumph