-- 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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They will be replacing the wait staff with robots and cyborgs. Can you picture the Terminator taking your order and he says. “I’ll be Back”-with your food. LOL
There are too many restaurants while at the same time it’s become expensive to eat out. Our lifetimes have seen an exponential growth in the restaurant industry, from fast food, to fast casual, to sit down chains, to fine dining, and beyond. We are at peak restaurant now. It didn’t used to be like this. Your family growing up didn’t eat out frequently. Fast food was a treat and a sit down restaurant with a waiter or waitress was rare. Pizza Hut was the hub of activity in most suburbs and small towns. Downtown even through the 90’s had a… Read more »
When Old Joe’s parents were kids soda pop was a luxury. They went to a soda fountain diner type of place and sat at the counter for 5 cents.
Change your habits and take a drive out of Cook County and many collar counties for dinner. Half a slab of ribs, a baked potato and a salad for $12 is easy to find. You get the added pleasure of not succumbing to the dictates of the far left Chicago city council, cook county board or Illinois legislature. Plus gas is much cheaper.
I am single and have been lax in making my own meals. Prices are getting nuts, time to go back to cooking for myself.
Doc, you’re wallet, weight and health (mental and physical) will thank you for this meal change. Yes, shopping and cooking are time consuming. All my regular places that survived covid are more expensive with poorer service and reduced hours. Obama calls it fundamental transformation.
What a catastrophe. My burrito spot is really hurting right now. They’ve raised prices twice in the past year. They don’t have waitstaff, but it’s still a struggle for everyone. They lost thousands in property damages after a recent break in.