-- 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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Hmm,
Just give me back the $2 per gallon we had before Bidet was on office.
Does JB the Hutt really think that the few rich liberals dumb enough to remain in Illinois need a tax break when they buy their $120,000 electric toy?
Has it dawned on Pritzker that companies are leaving, not coming, to IL? No matter how many incentives are offered, companies see crime, taxes, workmen’s comp, pension debt, amendment one and Safe T, etc., and find other states much more desirable. No chance of it changing anytime soon. They’re not coming!
Creating a fund for the governor to use at his discretion? Isn’t that called the Illinois state budget under Executive Order No. 3,000?
No one wants electric cars that
— are way overpriced, starting at average of $60,000
— shit for cold weather
— shit for road trips
— unreliable (see Consumer Reports)
— a fire hazard
— a pain in the ass to recharge (takes too long — 20 minutes for the fastest possible charge, compared to 2 minutes or less for filling up a gas car)
Also, isn’t the cost per mile about the same since electricity isn’t free?