-- 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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Election vote buying season once again for the Democrats
How else will Illinois restaurants stay open?
A few years back cashiers at my local Woodmans were telling me how people were using food stamps/link card to buy liquor/pay rent/cigarettes/etc. They would but a lot of 12 packs of pop (cart full) or junk food and take them to small corner stores and sell them or trade for 50 cent on the dollar and get what they want. Another said they bought lots of food items and gave it to their landlord in exchange for reduced rent on top of Section 8 payment. I knew someone who was in line at the store and overheard that a… Read more »
Quite a common thing and has been going on for years. In the Food Stamp days those stamps could get a person anything they wanted. Drugs? Alchohol? No problem. $10.00 bottle or cheap vodka just hand over $20 in stamps, of course the store had to be in the program to redeem them but, no problem. Bag of heroin? Easy, $10 bag hand over $20-$25 in stamps to the dealer who then would cash them at the local Food Stamp approved vendor. Dope dealer would keep $15 or $20 store owner keeps $5 or $10 for doing nothing other than… Read more »
Although I hardly eat out or order out I will let any restaurant that posts the sign saying they except food stamps that I won’t be back or order from them again.Paying to have someone prepare your meals is a PRIVILEGE for only those that can actually afford it.
Can they use them for tipping too.
F both JBs.