-- 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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GAS PRICES SKYROCKET: Even After Recent 30 Cent Decline, Chicago Gas Prices Still Average $5.65 – CBS 2 Chicago; Biden Tries To Take Credit For Tiny Decrease In Gasoline Prices — After Spending Months Blaming Russia For Their Rise — Fox News — REALITY CHECK: GAS PRICES — $4.50 TODAY PER AAA — ARE STILL MORE THAN $2/GALLON HIGHER THAN THE THE DAY BIDEN BECAME PRESIDENT, WHEN GAS PRICES WERE $2.39/GALLON; Why Gas Prices Will Be Going Back Up – Barron’s; Biden Sells Off America’s Emergency Oil Reserves To Communist China – Daily Caller; Hack The Pump: Rising Prices Lead… Read more »
Biden took the bait and is now taking credit for the price decreases. Now he’s officially on the hook for all the increases.
Lowest price in Beloit is $3.79 near Beloit Memorial Hospital.
Paid $4.149 right over the border at the Kwik Trip in Brodhead, WI.
Drive back into IL and the price is over $5.
Thank you, JB – VOTE THE BUMS OUT!