-- 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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Living in the state line area north of Rockford in Winnebago County it’s simply amazing that you can cross the invisible line separating Illinois from Wisconsin and suddenly all the Covid craziness is gone. You can stand on Stateline Rd with one foot in Wisconsin and one in Illinois and only half of you will be struck down by Covid. No masks, no fear mongering and gas is usually 30 to 40 cents a gallon cheaper, just filled up at $2.85 a gallon, just amazing in the difference.
Also sales tax is 5.5%. I go to Beloit often from Belvidere to shop/gas up and it’s nice to see the interchange almost done at 43. No toll roads either.
Smooth sailing thru a complicated reconstruction @ 43/39/90. Woodman’s for adult beverages as well!
Illinois does have cheap, beer though,keystone,miller high life,busch,hamms,etc…one highlight of the state
Remember Schlitz and Meister Brau?