-- 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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Drove to Chicago to visit future inlaws this week. They were late due to a flat tire on their new car from hitting a pothole on LSD. Where is all this ‘road and infrastructure’ money going in Illinois?
Cayman Islands!
Salaries
Campaign funds?
Well Doh! Of course people are! Only idiot politicians cannot see why.
There is more than gas taxes accounting for the difference in Illinois and Missouri gas prices. Illinois taxes only account for 33 cents of the 70 cents differential. Something else is responsible for the other 37 cents. What could that be?
I do it all the time as I live within 5 minutes of the Wis border. Plus I give the finger to JB as I leave and again when I return. Usually $0.30 + cents a gallon savings but in a recent trip it was $0.94 cents a gallon cheaper.
JB and family probably do the same thing at his WI horse farm. We can only hope he owns draft horses.
What is interesting to me when visiting the border areas is the number of ‘Pritzer Sucks’ signs. They always make me smile. It would be great if Wisconsin could move its border about 20 miles south. That would make a lot of disgruntled people very happy.