-- 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 gas prices that I have seen in the last few weeks have risen.
And in this state, it’s higher than most due to our gas taxes. Daily reminder that the architect of the last gas tax hike resigned from the Senate amid corruption charges.
Yes he sure did. And remember, he took bribes from the red light companies to ‘protect them’. It’s not like he was protecting his constituents from the red light cameras – he didn’t really have constituents because they had no choice but to vote for him. He never had a challenger run against him in the primary or the general. He was just reelected every year, year after year, vote blue no matter who, as there were no other candidates to choose from.