-- 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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JB wants Illinois to overtake Newsome and California to have the highest gas taxes in the nation as Presidential Campaign bragging rights. JB thinks that it will polish up his resume as most Progressive Socialist Presidential candidate ever.
The roads and bridges are in poor condition and are in need of repair. Where has all this money gone? Someone has gotten rich off this negligence.
Fortunately I’m a short drive to Wisconsin where I usually save $.50 – $.60 cents a gallon. There are more Illinois plated vehicles at the gas stations than Wisconsin plates. Bonus days are when the savings are $.80 – $.90 cents a gallon less.
No no, don’t cut anything…don’t right size anything, don’t end stupid programs that are just patronage give-a-aways…nope…head back to the tax well and grab more from us. This, right here is a perfect example of elected officials not caring even a little bit. As long has their cash keeps flowing and they stay in power…all is well.
Waddles giving everyone that doesn’t drive, pay for their groceries or own property ( and therefore don’t pay taxes ) what they voted for.