-- 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 ongoing, huge cost of inefficiencies of city-run grocery stores due to mismanagement, shoplifting, looting, etc. won’t be an issue to most Chicago pols because it will be offset by increasing Chicago taxpayer subsidies.
The idea of a city grocery store is laughable unless the city wants to outsource the city grocery store to pick-n-save or something, which defeats the entire purpose of a city running a grocery store! However, the idea of bulk food distribution directly to the poor in not unrealistic. Many countries distribute bulk allotments of food either for free or heavily subsidized to their citizens; India gives out bulk allotments of rice and many middle eastern countries provide free or subsidized grain. That’s probably where this will ultimately settle out, with the city of chicago providing free meals or bulk… Read more »
It wouldn’t be difficult to source this food either, because IL is a major staple producer, with massive production of corn and soy, and to a smaller extent, winter wheat (Lake county has winter wheat farms!) and hogs, chickens. The city, or likely state, could source the food directly within the state lines and ship it up to Chicago, like bread and circuses the romans provided to Roman citizens. The problem though is that the bulk food would be unprepared and raw, and as we know, one of the reasons for the food deserts existing, and the massive rates of… Read more »
Well Debtsor bulk food distribution will give the community the look of a 3rd world country and intersect nicely with the Democratic Socialist talk….
No one will starve but all will go hungry!
The motto of communist collective farms everywhere.
Patronage jobs for those who have the clout. We don’t need no stinkin’ experts!
The City of Chicago would need help running a lemonade stand.