-- 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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Short trip to Wisconsin and save $0.30 to $0.90 cents a gallon.
High gas road taxes and so, so roads and bridges. Something is not right here. Just who and what is getting all of this money?
JB wants to brag to Progressive leftist climate change religion donors about his Gasoline Taxes. High tax is the goal. He wants Illinois to be Highest gasoline taxes in the country to even better support his ‘Most Progressive” resume. The Climate Change acolytes equate gasoline taxes to “sin taxes”. Its all part of improving JB’s national profile for his 2028 Presidential Campaign.
If the 84 cents a gallon is for taxes and is suppose to go to a lock box for road and bridge repairs in Illinois why does Brandon Johnson Mayor of Chicago need to borrow $830 million dollars to fix bridges and roads, again another case of missing funds.
And where does all that taxpayer money go? Straight into Governor Blubber’s capital projects stash to keep the union boys happy. You know, the 5 guys standing around watching the one guy work. That’s why we need a DOGE in Illinois. If a reporter ever had the intestinal fortitude to ask Blubber about that, his gigantic head would explode.
Old Joe always tops off in Indiana when coming back from Michigan.