-- 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 Springfield is looking for ways to make Illinois a standout for the wrong reasons?
Illinois will tax CST until it gets fed up and leaves the state
Makes me wonder if they’re somehow trying to stick it to those who leave Illinois for its neighbors. I lived in Indiana back when they didn’t change time, and it was a royal PITA. Just another reason to be glad I’m moving soon.
“It was introduced by state Sen. Andy Manar (D-Bunker Hill) in January. Manar says he was inspired after a high school civics class at Carlinville High School successfully convinced him to eliminate Daylight Saving Time.”
The loonies truly are running the asylum.
The correct link, BTW: https://www.wifr.com/content/news/Bill-to-end-Daylight-Saving-Time-approved-by-Illinois-Senate-heads-to-House-564816342.html