-- 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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I am so glad that she is cutting a whole 3 cents of tax from a gallon of gas. Now I will be able to afford that $60,000 electric car Mayor Buttigig says I should buy. My back of the envelope figuring shows me I will only have to buy 2 million gallons of gas to save the $60,000 bucks for that electro car which is going to save the planet.
Don’t forget to buy yourself a real long extension cord so you can drive your new electric car wherever you want.
I know right, every apartment I lived at in Chicago had street parking. Sometimes I had to walk blocks to get back to my apartment especially if I returned late from the office or out at a client visit. How exactly are these peoples supposed to charge their cars parked four blocks over?
Maybe the point is that they’re not supposed to have cars at all..
Oh you foolish person. Quality EV’s can be purchased for much lower prices. Now add doors and tires and you are in the price range you mentioned.
Wow! $.03 cents a gallon! Buy 100 gallons, save a whole $3.00 which isnt even enough to buy one gallon. Thanks Mr/Mrs/Unknown Mayor.
The Dems are getting desperate. Cutting taxes until after the midterms Beetlejuice? Good luck with that. The policies of the Biden administration have been a disaster since day 1. Foreign policy, socialist economic policy, climate change policy. You name it, the Dems messed it up. They are going to get rewarded in November.
Let’s hope so.