-- 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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Didn’t hear Guttman bring that up while he was bitching about inflation and sweating profusely, did ya?
Seriously where does that tax go ? The roads in Illinois suck
So does the Governor and EVERY stinking Democrat.
The money is being put into the general fund so he can keep funding far left policies and illegals. That’s why he want a mileage tax.
When we went back to Silly-nois last week some of the roads we drove on were so cratered I thought we were driving on the moon! Thank goodness we were driving the CUV, if I took my passenger car I’d have flattened a tire or bent a wheel.
I think it goes to help the Illinois lottery. Now where the lottery money goes is anybody’s guess.