-- 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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This won’t work if Kim Foxx never wants to prosecute
This program will not work unless Kimmie throws the book at the criminals and, of course, she won’t.
Why a retailer should be forced to go through such steps is beyond me. There is no way these stores can be profitable, much less keep their employees safe. Some are simply letting leases expire and moving out. CVS has abandoned some prime locations already. Where are the articles that summarize all the businesses leaving neighborhoods where progressive policies let the inmates run the asylum?