-- 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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And our friends in the food deserts continue to shovel more sand into their neighborhoods. Brilliant!
Hmm, I smell a grift….
And they wonder why there are food deserts and higher prices for everything. Uhmmm, the answer is quite obvious.
They mostly eat processed food which is costly to begin with and is costly and expensive to ship to rural locations refrigerated or frozen.
These people “sh*t where they eat”… then are in high dudgeon when these businesses close. I guess they don’t get that “cause – and – effect” thingy…
Cue the racial carnival barker outrage in 3, 2, 1, ….