-- 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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Unionized cannabis workers. Sounds like the plot of a spoof movie, doesn’t it?
16,000 members x $6 x 52 weeks = $4,992,000 to the union, that’s what this is really about. I’m all for it, ultimately the price of weed will go up. This should help the black market and hurt tax revenues so they’ll raise the tax rate on weed. It’s a win, win, win for everyone.
My sons friend quit his job at Jewel because he didn’t get enough hours to offset the union dues that were deducted. Can’t wait for these dummies that vote to unionize get their reality check.