-- 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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JB the Hutt has servants to shop for and prepare his caloric intake. This may be the first time The Hutt has seen the interior of a grocery store in decades.
This gets tried over and over. Look for this ‘new grocery store’ to be yet another looted abandoned building within 18 months of this political animal photo op.
Venice school district is also getting a brand new school for its less than 100 students.
This is nothing but State run grocery stores and taxpayers are going to pay dearly
As Sam Kinison wisely said, “Move to where the food is!”
Hold my beer, Mayor Mamdani.