-- 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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Now That More Drivers Are Not Paying Gas Taxes — Illinois Economic Policy Institute — The In House Thinks Tank For Illinois’ Crooked Corrupt Unions – Wants To Loot Illinois With New Taxes To Fund Union-Rigged Boondoggles
They will increase the cost of license plates and most likely institute a mileage tax plus increase the cost to charge at public places and have a special tax if you charge at home on EV’s to compensate. Other states have something similar I believe Oregon.
$200 million a month in gas taxes. Cut that in half and listen to the howling and screaming of the politicians when the cash flow gets interrupted. The people who dream up these ideas most likely couldn’t find their butt with both hands. Forward thinking is not in their capabilities.
VMT tax = problem solved
Also, no one should be surprised to find out that, to feed the corruption machine, ICE-car drivers will likely end up paying more taxes and fees than they do now once the VMT tax is in place. Not all taxes and fees for gasoline would go away, right?