-- 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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Where is all the money from increased fuel taxes/plate fees going to? Maybe some of it is going to balance the budget. Maybe the Cayman Islands? Where is the accountability on where the money is going and where exactly is it now?
Thanks Governor Pritzker! You did this!
Some of the highest gas taxes and poor roads. Someone is getting filthy rich.
If the roads get bad enough it will be impossible to leave the state, so do not wait much longer as things are getting worse by the minute.
What a disgrace. Will we ever wake up to how we are being hosed by the very people they vote for. Highest taxes– and crummiest roads. How dumb exactly are the voters.
Illinois has the worst highway’s and roads in the U.S but yet we pay the highest gas tax in the country, they want a mileage tax for roads they want to tax EV’s. Pritzker oh boy we’re are you stealing and sending the monies that were meant for the roads and highways, just another money grab with absolutely no accountability this sh-t needs to stop, right Attorney General Raoul, sorry your to busy suing Trump. Your day of reckoning is coming I hope you thieves see prison time.