-- 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
Property taxes have to be awfully low or even negative to make up for the looting and shoplifting that will plague these stores.
They tax grocery stores and their customers out of existence and then offer subsidies to bring them back?…..while blaming the whole mess on systemic racism???, only in Illinois
“Food Desert” = “Leftist Manufactured Crisis”
Gee, could Miller work her magic to make Bowmanville a crime desert too?
The only way for a grocery store to survive in a “food desert” is no property taxes? Might as well let them keep the sales tax they collect too.
Unfortunately their clientele will continue to steal more than the stores can make.