-- 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 read in an article in the DuPage County Chronicle (Sept. 4-10) that “Many stores that receive subsidies shutter their doors soon after opening or fail to open at all.” The article explains that out of 24 stores across 18 states that received funding through the USDA Healthy Food Financing Initiative in 2020 and 2021, 5 had ceased operation and six had yet to open. Similarly, in Illinois out of six grocery stores that received start-up funds in 2018, four have closed. The article notes that an emerging body of academic research suggests that the idea of building stores in… Read more »
Hmm…….does climate change cause food deserts? Why doesn’t an enterprising grocer of color take advantage of the opportunity that a “food desert” presents?
“Enterprising grocer of color”? If one existed, he wouldn’t be opening his store in a “food desert”. He’d get robbed blind.
Another 20 million swirled down the toilet (not at JB’s mansion since it has none)