-- 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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In China, all foreign companies MUST form joint ventures 50% owned by local Chinese companies. No foreign company can do business in China unless the local Chinese get their cut.
In Chicago, all marijuana dispensaries MUST form joint ventures with persons of color – or just black people. No legal weed seller can do business in Chicago unless local black people get their cut.
So let me get this straight: dudes don’t want to go through the massive amounts of red tape involved in getting this up and running, so somehow the elected officials spin it as racism and lack of diversity? It’s no wonder Chicago and this state are in such bad shape when basic human nature is written off by “leaders” as some sort of anti black agenda.
Also, just to add to this, I have PTSD related to my deployment to Afghanistan and would likely qualify for a medical card. But there’s no way I would even think of applying in this state due to the sheer amount of data it collects on its patients.
Here’s a nice contrast from a state that actually functions.
https://www.bnd.com/news/local/article237278749.html