-- 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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Must be a sin to have to drive to work in this state. Hey Bad Santas, how about reducing the gas tax that you raised when prices were lower in the previous administration? Oh no, can’t do that, in fact you fixed it so you’ll never be blamed again, it “adjusts” automatically each year. Way to once again screw the working people of this state. Hmm, I think you’ll be seeing some coal in your stockings, oh wait, that’s not environmentally friendly anymore. Maybe Santa will just leave you some reindeer “gas”