-- 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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Money still grows on trees in Evanston! Devon should be jailed for stupidity.
It would get interesting if the entire city of Evanston became a food desert .There is nothing requiring these chains to stay in the city and be strangled financially by edicts from the city council or the Mayor.
All the grocery stores need to do is close the Evanston stores and open new ones just outside the city limits. They also take Evanston’s cut of the sales tax with them as a bonus. Problem solved.
Fixed the headline:
“Evanston Considering Forcing Grocery Stores To Give Employees Hazard Pay — A MORONIC IDEA GUARANTEED TO RESULT IN GROCERY STORES CLOSING THEIR DOORS”
You’re Welcome!!
But that would be disinvestment!