-- 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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As awful an idea it is to have city-run grocery stores, maybe it’s the only solution. Private grocers don’t want to set up shop in Chicago because of all the shoplifting and looting. With city-run stores, at least Chicagoans get to eat. The downside, of course, is extreme taxpayer abuse by using taxpayer funds to restock shelves continually emptied by shoplifting and looting.
I don’t any of the people in the area are not able to eat, more the opposite.
Chicago Bureaucrats Don’t Have The Management Skills To Manage A Lemonade Stand — And Now They Want To Operate A City Owned Grocery Store
Imagine the size of the liquor department.
I’ve thought of a name for a new progressive musical band — The Empty Shelves!
Here’s a podcast from Mike Adams on Chicago run grocery store.
https://www.brighteon.com/4376cd12-e47f-4a21-9458-cfd8d7ce9034