-- 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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Once adjoining states start selling marijuana Illinois will lose more revenue, just like everything else that costs more in Illinois. Gasoline anyone?
Also smokes/booze and sales tax in WI is 5.5%.
I know people that smoke and none of them buy it legally in Illinois. One travels to Colorado for business and buys it there. Just like the pop tax, it was excessive, had it been minimal it may have stuck and raised some revenue.
Illinois Democrats tax everything to death — even the filthy pot industry that they created
Hmm, tax dollars up in smoke….