-- 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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Potential taxes my ass . They’re as good as signed
If we aren’t going to cut spending then more taxes are needed. Are they seriously talking about cutting spending? No? Then more taxes. Until voters demand austerity we can expect more of the same.
Pointless headline: are taxes and fees ever NOT on the table down there?
So the highest gas taxes in the country are tied to inflation. Really? What’s the excuse for lower gas taxes in other states? They don’t have inflation? They don’t use fuel? Another crock of Dem bs.
EVERY SESSION has taxes and fees on the table or more gun control to deny the 2nd Amendment rights of the people.