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.
Just bought gas yesterday for $3.24 in Wisconsin. Saved more money that the postponement of the 2 cent tax increase. Lots of Illinois plates buying gas in Beloit-Janesville and sales tax is 5.5% as a bonus.
A similar situation in the Detroit burbs before covid. Sam’s Club and Costco parking lots were full of cars sporting Ontario plates on a weekend.
The other twofer was filling up their tank at under $2 per gallon.
Got gas today, Beloit near Walmart, $3.24.9. 10 gallons, saved $4.50 over Illinois price.
The day after the November 2020 election gas at the stations near me was $1.74.9 for regular unleaded. 3 months later under the astute leadership of the new so called president, gas was over $3.00 a gallon. The democrats in action.
Illinois charges a percentage sales tax on top of the state fuel tax on every gallon, so when prices go up at the pump, taxes at the pump go up, too
https://www.illinoispolicy.org/illinois-2nd-highest-gas-taxes-drive-motorists-business-across-state-lines/
Well you can thank a Dem if you miss the old days when you fill up without a Benjamin.
The next shoe to fall will be the absence of consumer goods. Kinda like the USSR circa 1975.