-- 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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Thank you, Governor Pritzker! What would we do with you?
I hope your time in office ends with November’s election.
Vote the bum out!
Going across the border to Wisconsin if your close will save you much more. Last year I went to Missouri and at the St. Louis Sam’s Club the gas lines were long but organized by employees. Did not have to wait long. Gas was at least 60 cent cheaper and most cars I saw were from Illinois. In the store sales tax was 11.679% so I skipped shopping there. Beloit tax is 5.5%
https://www.salestaxhandbook.com/missouri/rates/saint-louis
$0.02 cents a gallon tax delayed equals $2.00 total on 100 gallons of gas purchased. At today’s prices you could almost buy 1/2 gallon. WOW!