-- 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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Gas by me in north central Illinois is up $1.25 a gallon. The place holder in DC stopped fracking, drilling on public lands. Shut down the Keystone pipeline and promises to do more. 50,000 loyal union democrats lost their jobs. Vote for dems, they care about the working men and women. Fill up your gas tank with evil fossil fuel and its $20-$25 dollars extra every time. Vote for dems they care about working men and women. Sec of Transportation, Pete Buttigieg, promises increased gas taxes. Vote for dems they care about working men and women. Democrat voters walked into… Read more »
Yes most is dues to the “resident” of the White House and also to JB and the High Gas TAX in Illinois.
We can thank our new President for this, thus far he has put people out of work, spent billions on BS and caused the raise in oil prices. I thought it might take him a year before he screwed up the entire country, but he and maleficent have managed to screw it up in record time.
Screw up? Since when is creating a progressive paradise a ‘screw up’? 81,000,000 people voted for this.