-- 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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Would all of the gas taxes go away if the VMT tax were enacted? Don’t bet on it.
Remember, IL pols, whatever you do, don’t fix the main problem of excessively high salaries, pensions, and health care benefits.
So let me get this straight. According to Rauner and Pritzker women have a privacy right that allows them to murder their own children without repercussions, but the very same women have no right to privacy when driving their car to murder their babies? So does that mean if they have an abortion in their car it isn’t legal? How does this work. A right to privacy on one hand but no right to privacy on the other hand.