-- 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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Leftists just setting records of abject failure everywhere they go!
All very deliberate.
We will never see $2 gas again, ever.
Democrats will keep stealing elections.
Its over.
🔥🔥
$5 gas will be Biden’s legacy. It didn’t need to be this way, but he sold out to the progressives to get elected. He is clearly losing it, as every speech is a gaffe filled word salad. He is headed for a mid term beatdown that will paralyze the rest of his only term. By year four, if he’s still in office, you won’t see him at all.
$5 gas? LOL, it’s $5.59 headed to $6 or $7 in my ‘burb!
$5.09 in Rockford at some stations today (Memorial Day). $4.37 in Beloit.
The difference by going over the border amazes me – what we need printed on every gas receipt is how much of the price of gas is taxes and to which entities those taxes go. I know IL assesses a state sales tax of 6.5% – so as the base price of gas increases, so does the state revenue – over and above the basic Pritzker $0.38/gallon tax. Here’s a breakdown of a $5/gallon 10-gallon purchase in Chicago: Gas cost: $38.79 Chicago tax (7.6%) $2.94 IL taxes (16.6%) $6.43 Fed Tax: (4.7%) $1.84 Total taxes: (29%) $11.21 That’s IF you… Read more »