-- 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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Here’s some info on natural gas prices. When compared to last year a real eye opener.
https://www.citizensutilityboard.org/blog/2022/07/27/august2022gasprices/
It really is crazy. The Europeans that were (are) dependent on Russian gas are now told to take short cold showers in the dark. Images depicting which body parts need to be washed every day are produced and circulated by government. I’m not joking. Ta-ta take that pu-pu-pu-Putin!
Crain’s Chicago Business — Chicago’s Anti-Business Business-Newspaper — Thinks That Raising Taxes, Massive New Climate Regulation, And A Trillion In New Spending Is The Cure For Dementia Joe’s Recession/Inflation Shit-Storm — Why Would Anyone Listen To Crain’s — Let Alone Pay For It