-- 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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“The bills aim to …prevent employers from discriminating against people with criminal records.” ..Just one more reason why a business might consider robots over entitled and incompetent workers.
Blm now controls the state. Rioting, burning and looting pays. If you destroy property, you will be rewarded.
This is super awesome. Isn’t it just great that businesses will be judged by the ethnicity of the owner and not the value they add? How cool – just think, you could be totally incompetent at what you do, but because of how you look, you can make gazillions!
Makes me super proud to live in this wonderful state that has rewritten the basic tenets of commerce, competitive advantage, value, and exchange.
How brave Guv P. is…
There’s not going to be one business left in this state.