-- 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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Claire gets an ‘A+’ for this piece. Not once was the useless terms ‘living wage’ or ‘fairness’ used. Instead, she quotes Nathan Pappas accurately, pointing out that skills learned working at McDonald’s prepare people for what career opportunities lie ahead. Bravo!
For employees, McDonald’s was never meant to be a hammock. It’s a stepping stone.
You would be surprised how many top people at America’s most successful businesses got their first job at McDonald’s.
Fast food jobs to replace Deere, etc. Cant wait for Pritzger to toot his horn over that.