-- 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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You won’t hear governor WIDE-LOAD bragging about that
“Jelly Belly closing North Chicago plant”
How can Pritzker close a private business like this?
Apparently we stuck a nerve with someone who loves governor five chins. We both received a red thumb down.
Oh, that’s just the Democratic/Union goons keeping an eye on Wirepoints. They can’t stand any criticism of our autocratic leadership and don’t want citizens to be informed. Don’t worry, though—eventually, the CTU will graduate students who can’t read a word, and then the problem will be resolved.
I don’t think Chicagoans realize how much candy at one time was manufactured in the city of Chicago. If they did, they would “might” realize how intentionally destructive the political class has been to manufacturing in Chicago. Chicago is no longer the City-that-Works; its a full-blown welfare state.
You are correct, Chicago has lost many candy manufacturers over the years. I remember Mars Candy my uncle worked at the plant on Oak Park Ave. My uncle brought me the seconds, Mars Bars, Three Musketeers, Snickers, and Forever Yours which
Became Milky Way. The hugh Brachs plant on Cicero
All gone along with the jobs, Curtis Candy and many more.
Don’t forget the old Cracker Jack plant in Bedford park off Cicero and 65th street.
My Grandmother worked there; she would travel from the German enclave in Marquette park area. Also Kool-Aid.
65th Street from Cicero to almost Harlem had dozens of factories. Bedford Park side of course.
Always nice to ride by and smell the cracker jack being made. Haven’t been through that area in years.
I remember the smell of chocolate permeating that part of the city in the sixties.
Take what the city did to Bloomer chocolate. That smell of freshly baked brownies permeating the Chicago air was just too environmentally unhealthy. So the Bloomer Chocolate Company after 85 years is no more.