-- 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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Saw gas prices at $3.78 – $3.79 / gallon for 87 Octane driving through Cook and Will Counties today. Crossing the border into Indiana saw $3.12 to $3.35 / gallon for 87 Octane. Up in Milwaukee and Lake Geneva, WI this week saw $2.99 – $3.19 / gallon for 87 Octane.
We made darn sure we filled up outside of Ill-annoy.
Some of the highest road taxes and some of the worst roads. This is how Illinois does everything. Suck it up or leave.
Drove through Illinois this week heading to and from Wisconsin and our home. Saw 294 is all torn up from the old Hinsdale Oasis to O’Hare. Also saw 355 is all torn up from Lake-Cook down past Woodfield Mall. Do they ever finish any of these road construction projects?
Paid 2.69/ gallon in MO in mid-July. Keep voting for Pritzger folks- you’re “ his people “!
Gas in KY was $2.55 last weekend. Where is the money going JB?