-- 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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Maybe the stickers should be the same size as the governor so people can’t miss it.
The “I DID THIS” stickers of Joe Biden pointing at the price are the cheapest and most effective political ads available. Most people buy gas and most people see Joe Biden’s awful face every time they fill up.
At one time many stations posted the amount of taxes per gallon…perhaps that could be reinstituted unless there is some sort of law against it.
The edict mandates language that must be used but doesn’t spell it out. Any business that wishes to comply should take the opportunity to amend the sticker with educating info about actual tax numbers and a bit of history.