-- 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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wait til Whitmer shuts down her little pipeline. Gas $5 eoy
On Nov 4th 2020, the day after the stolen election, gas prices at 4 local stations in my neck of the woods was $174.9 per gallon, regular unleaded. Today, biden administration in charge regular, unleaded $3.24 per gallon. THANK YOU!
On Nov. 4th, 2020, the day the election wasn’t stolen, the world price for crude oil was $38.17. Now it’s $68.61. An 80% increase which nearly matches your 85% increase at the pump. It seems the marketplace is more responsible for the increase in gas prices than Biden.
Shutting down the keystone pipeline has nothing to do with higher energy prices? Printing trillions during Biden’s first 100 days in office doesn’t contribute to inflation in dollar price barrels of oil? Well I’ll be danged! Me’s thinky I be stupid!