-- 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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LOL, this is just because of the upcoming election. If the dems win again the gas prices will probably go up $5 extra a gallon, the price for gasoline per gallon under marxist Kamala will be $10 a gallon, don’t think so, just watch
While gas prices did drop 40 cents they shot up 30 cents in my area in the last few days.
Let’s go back to 2020 when gas prices nationally were hovering around $2.00 a gallon. While the $0.40 drop is nice, those prices can rise just as easily in the next month depending on world events.
Might there be an election coming up?
Well this is great news but let’s put it in perspective; Gas prices across the state line have dropped 40 cents there too. I filled up the other day across the line at 3.10 a gallon and the cheapest in Illinois at the local Sam’s Club was 3.45.