-- 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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Remember, these businesses will be state-subsidized, not state-owned. As an Illinois taxpayer, that should make you feel better (LOL).
First Venice, a town long known for its only sources of revenue being strip clubs and questionable traffic tickets and now Peoria. Get ready IL taxpayers- the Marxist, give away, “ stop and steal “ stores are coming your way . Courtesy of… well, you.
You are spot on Mark, no need to give away our tax dollars to support a store that will close in 12
to 24 months. This is just a new place to steal from.
Hold on a minute. This area in Peoria sure doesn’t look like a “desert” for grocery stores. Here’s map: https://www.google.com/maps/search/grocery+store/@40.6865431,-89.7021282,12z/data=!3m1!4b1!4m8!2m7!3m6!1sgrocery+store!2s210+South+Western+Avenue,+Peoria,+IL+61605!3s0x880a5932452d2fb3:0x4374babec2955d93!4m2!1d-89.6223055!2d40.6866017?entry=ttu&g_ep=EgoyMDI1MTExNy4wIKXMDSoASAFQAw%3D%3D
No, it sure doesn’t. Nice graphic.