-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
To complete the full conversion of Illinois to Sodom and Gomorrah, IL should require a weed store and a gaming establishment within every “x” square feet of a residential area. That sounds extreme, but think of all the tax revenue that would generate!
Oh, what a swell idea — selling dope at a truck stop.
Selling a legal product with lots of traffic near a bordering state that doesn’t sell it is a fantastic idea. Meeting the needs of the market. Do you get upset when gas stations sell beer? Just silly.
I think it’s only fair Indianans come here to buy the marijuana they can’t buy in their state, just like Illinoisans buy fireworks in Indiana cause we can’t buy them in our state. That’s why I’m for free trade.
Completely fair and a smart business decision as to the location.
Couldn’t agree more.
Meeting the needs of the market.
Why don’t we open a bordello or two while we’re at it?
It’s legal in parts of Nevada, so why not.
You USED to get arrested for that.
But Illinois needs the cash, man.