-- 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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Can the gas stations affix their own stickers at the pumps such as the one with joe biden pointing his finger at the $5.00 a gallon price and saying “I did that”?
$5.00 gas? My gas station in suburban Chicago was at $5.09 this morning. I feel like we’re in the Weimar Republic after WW I. Get paid and shop in the morning before prices went up in the afternoon. One day I paid .30 more per gallon by deciding to gas up after I returned from the dentist instead of before. As they say, he who hesitates is lost….also poorer.
The state cannot compel speech…
This should be a slam dunk…
BUT…
We are in IL after all…
Pritzker is such an idiot for forcing this issue. People are going to see right through it.
But, will the courts…?