-- 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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The good ole days when I’d fill up $5 in the city so I could make it out to my suburban job and fill up the tank full out there.
From The Expired Meter:
THOUGHT FOR THE DAY: THANKS TO FAILED PRESIDENT BIDEN’S F****D-UP GREEN ENERGY PLAN, THE US IS DUMPING RUSSIAN VODKA BY THE BOTTLE, BUT BUYING RUSSIAN OIL BY THE BARREL
Gas and energy prices started to increase the day of Biden’s installment as he canceled Keystone and stopped drilling and fracking.
The run up in gas and other costs was going on long before the Ukraine situation. It was also obvious before the presidential election that Biden would follow the failed Obama energy policies, and JB would raise taxes. So; how did you vote?
The day after the November 2020 election gas at local stations near me was $174.9 a gallon for regular. Yesterday, Saturday, gas was $3.99.9 a gallon for regular, $2.25 a gallon more. Pritzger and the raging band of democraps said gas taxing increases will not affect the middle class in any way. Biden parroted the same response when shutting down pipelines, oil leases and new exploration citing the same lie, no impact on middle classes. Lies! Fortunately I live where a short trip to Wisconsin can save me money. A shopping trip for groceries, some clothing, and of course adult… Read more »
I stopped once at the Mobile gas station in Genoa City on route 12, which is only about 1000 yards into Wisconsin. There were 12 cars gassing up and only one had Wisconsin plates. It looks like a lot of Illinois drivers are peacefully protesting the insanity of Illinois taxation under the fat man.
I used to see that in Indiana years ago. If you go a mile or two further I’m guessing you’ll save more.
Its been that in the IL metro areas E of St. Louis for a really long time. Anytime we were anywhere in that area even back to the 1950s my father had to go over the Alton bridge to buy the cheaper gas and cigarettes in MO due to the lower taxes. I think the nearest MO gas station was less than a mile from that bridge. Less than 10 minutes of extra driving time to save a few bucks? A lot of people will do that.
Hold on to your hats … it’s only going to get worse.
Hold on to your wallets too!