-- 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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Those high gas taxes must be why the roads in Illinois are so good LOL!
Every time we’ve traveled to or from IL, we make sure to fill up just before the border or right after leaving the border. I’m sure hundreds of people do the same thing. Going anywhere near WI or IN, go an extra mile or so and fill up there. How much revenue do you think IL has lost by people filling up in neighboring states?
Old Joe has left hundreds of dollars in Indiana when driving back to Detroit and thousands in Kenosha.
In Beloit,Wi most stations are $2.89.
$2.84 as of yesterday.