-- 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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It’s almost as if there is no political will to stop any of this, and Mayor BJ laughs at the problems of retailers, saying them kids just funnin’, them need to feed they families. It’s almost like he’s secretly cheering them on, hoping all of Michigan Ave eventually shuts down, as his own big way of fighting back against the system.
The Mugnificent Mile!
When you shop this way the store is open 24 hours a day, 7 days a week. Much more convenient than standing in line a paying for the goods.
And you’ve got high-end stuff too!