-- 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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It would be interesting to know the demographic and income of the EV owners. Something tells me we would find the vast majority won’t be the disinvested, disadvantaged, or POC.
How exactly is a middle-class earner supposed to afford an EV?
EVs are rich folks’ and climate crazies’ novelties that, in the long run, will disappoint.
Keep in mind, EV owners, the electricity that powers your toys is likely generated by FOSSIL FUELS. And don’t get me started on recycling EV batteries. What a boondoggle!
Stupid chickens.
Living in a retirement community in the south, most of us use our golf carts to get around. I can tell you, people who have bought electric golf carts have two main complaints; expensive battery replacement ($2-3,000) and limited range. They find out soon that battery’s don’t last as long in the heat as opposed to a moderate climate. Many beautiful electrics available down here cheap. Gas carts are still at a premium.
My mom lives in a retirement community in central Florida, I am guessing much smaller than yours. I don’t think I have ever seen a gas cart. Carts much more expensive than I thought, 10K range last I heard a few years ago. Last 10-15 years. But probably only traveling 5-10 miles per day
The people who I know who own EV’s are wealthier, older, kids out of college, and it’s their 2nd or even 3rd car. And they are typical republican voters. Granted, it’s a small sample size. A study by Morning Consult shows that republicans are just as likely to buy a Tesla as democrats.
Teslas are a cool, unique cars. The rest of the EV universe is pretty lame. I personally think hybrids are pretty cool, but the premium and the battery replacement cost off-sets the gas savings. For people who drive a lot locally, spend time on the road for a living, the hybrid makes a lot of sense. For the average household just driving errands and town and commuting, the EV’s make little sense financially. The Jeep Grand Cherokee 4xe, a plug in hybrid vehicle, gets about 22 miles on EV charge alone after charging. That’s a trip to the grocery store,… Read more »
Except for those who put a lot of mileage on their cars each year the costs of purchasing an extra-cost EV, using any commercial charger, and suffering the depreciation of the car itself as well as its hugely expensive battery pack more than nullifies any hyped presumption as to money being saved. Gas will have to be more like $10 per gallon to have it even start to make sense for me, a low-mileage driver.
Guess what is coming next legislative session. Since EVs don’t pay gasoline tax, the Gov and the Mayor are already drafting a bill that will charge a fee to EV owners for the privilege of driving on Illinois roads and streets. So hey all you EV owners, you are about to lose a big portion of your savings from not buying gasoline. Get ready.
Wonder what took them so long to realize that EVs use public roads.
Stupid Springfield chickens!
The dumbest of the lot!!
EV owners in Illinois already pay $100 more per year for registration than ICE vehicle owners to cover the gas taxes they’re not paying. Most states do something along these lines to cover lost gas tax revenue. I believe the extra fee started in 2020.
That’s peanuts! This ridiculous attempt to force everyone to be these electric pieces of crap is beyond stupid. I’ll buy one when the Pritzkers sell their private jets and start flying coach. Seat belt extender included.