-- 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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Jabba closed buffets?!?!?! This must be serious!
The over-reaction to this is utterly amazing, never seen such stupidity on a mass scale. Yes it is a little more deadlier than seasonal flu but people cleaning the shelves like its ebola. Besides, its too late. 80-90% of the population will probably contract it over the next 12-18 months.
I was telling my wife just earlier, wonder how many local businesses won’t survive the next 2 weeks.
Yet another reason we are glad to live in Indiana.
Bars and Restaurants are OPEN here.
You sure about that Indy? Your Governor was just a little slower in the decision making process.
Hey everyone, just one quick question, has anybody seen are lieutenant governor at all smiley face Stratton, She has not been present at none of jabbas press conferences.
This man just bankrupt the state of Illinois, he is a fools fool hey jabba pot shops still open your only hope of revenue for the state. You going to pay my bills my property taxes now my home is in jeopardy you fing fool
For those individuals displaced by social distancing I hope our highly efficient state bureaucracy is prepared to process rapidly the unemployment claims and enroll these folks into Medicaid.
How does one actually measure the effect these policies have on infection and mortality anyway?
What are the penalties?
Finally when in human history has prohibition of cultural activities ever worked?
I’m sure the state won’t require them to pay property taxes while their business is closed. Maybe JB can also require those businesses to pay their employees while they are closed. I’m sure the owners are rich and wouldn’t mind.