-- 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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Because the average person is rational. Unlike politicians who are ever-seeking their next donor to whom they will prostrate themselves…
Not sure why but the Sam’s club near me is about 25 cents cheaper. But the lines are Jimmy Carter like. Not worth the $3 to wait 45-60 minutes to fill up. I just need to cut back on pop to save the money. Not that long ago 4 six packs for $10, now 3 for $10.
I am fortunate to live within a few minutes drive of Wisconsin gasoline. The other day my Wisconsin gas purchase was $.94 cents a gallon cheaper than the gas stations near my home in Illinois. Almost an $11.00 savings. Meanwhile fat boy is going to waive the July gas tax increase of $.02 cents a gallon. Buy a 100 gallons, save $2.00. Thanks JB you idiot.