-- 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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I went to my local McDonalds which was just remodeled. They put in kiosks to order from which few understand how to use and will not take coupons. Two checkouts and no one was there. They were at the drive thru. I waited about 5 minutes then left. No sale.The minimum wage forces companies to automate so how does that help workers? Same at Sam’s Club. They put in 8 or 9 self checkouts but they are easier to use. Customer service has 2 people there and usually long lines plus prices are up everywhere due to higher tax’s. What… Read more »
I actually prefer the kiosks. it takes a few minutes to figure it out (kind of confusing if you don’t want a meal deal) but as soon as you figure it out, its so much better than dealing with the staff.
Next year I think we’ll see the exodus really take off. First it will be the small business owners who can’t afford to do business anymore. Then the average Joe will start to see the effects of the hikes (basic goods and services costing more while his pay stays the same) as yet one more reason not to live here.