-- 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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the Smallest amount of due diligence and the perspective Illinoisans run for the hills.
Nobody wants to take the boosters or some new strange drug. What’s the point of setting up your life to enter the labor force and start a new job when they could potentially fire you in the fall for not taking some new and dangerous drug? The courts have sided with Pritzker and there’s no exceptions. Actions have consequences.
Why should a “living wage” be equated with an “entry level wage”? People entering the work force for the first time aren’t always worth $15 or more an hour. Shouldn’t the wanna be employee have some responsibility to prove his value?
We used to understand that certain types of jobs were never going to provide a “living wage”. If you expected to support yourself, you had to upgrade your skills. Working at a fast food place was a job for teenagers to earn spending money, or save for college. Both foreign concepts these days.
Illinois paid people not to work — this is the result