-- 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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Wonder how many people apply for rebate and then split the State?
Hmm Illinois seems to have plenty of money to spend…have they made this years ramp payment?
Illinois green grift democrats are pushing electric cars that no one wants, no one can afford. EVs are shit for cold weather, shit for road trips, and (according to Consumer Reports) shitty in general as far as reliability goes. Why are these crap-wagons getting preferred tax status?
Because of a climate-crazy governor and inept legislators.
Hello… I drive a 2004 Prius with300K miles… saved enough $ from gas to buy a Model Y… and the 4k is important. And I do not want to ever change my oil myself to fully syntetic… say 300000/5000=60 times changing oil. That is $30 walmart * 60 = $2K in oil… not including muffler, brakes, etc.