-- 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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$5/gallon eoy.
On November 4th, 2020 the price of unleaded regular was $1.75.9. Today it is $3.10.9. The only people to thank for a $1.35 per gallon hike is Biden and his demoncrat cohorts. The party for the middle class, the working class man and woman, the average citizen has once again screwed them. Fill up your gas tank in that evil fossil fuel burning vehicle and its gonna cost an extra $25 + out of your pocket. But remember those demoncrats care about you.