-- 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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Bu.. bu.. but high gas prices aren’t the Dems fault!
Hopped across the border into nearby Wisconsin and saved $0.60 a gallon yesterday. 12 gallons @ $0.60 equals $7.20 in savings. Also got a free 16oz coffee!
Pritzker promised not to hurt the middle class when he ran for office, and then proceeded to double the gasoline tax and index it to inflation, all on the backs of the middle class. And he did it just in time to take advantage of Dementia Joe Biden’s record gas prices and record inflation. Yeah, JB is a real piece of work. Thanks Governor Blowhard!
YOU KNOW THEY ALL LIE TO GET RE=ELECTED!!!!!