-- 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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Don’t forget about the permanent increases coming in January and then again in July. Illinois is done.
Gas prices dropped due to the biden administration ordering massive drilling for electricity
Under $3? Not in Illinois.
Gas price fall is due to Biden’s war on oil — which raised prices so high that drivers were forced to drive less or not at all. Great way to deepen the recession