-- 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 wasn’t that long ago when nuke plants were plagued with cost overruns and political theater over how nuke plants were going to ruin the world radioactively. Now the teamline had been switched 180 degrees by new faced people that prove the old adage “if you don’t know history you are bound to repeat it.” Consider that ” Due to inflation and cost overruns, Clinton’s final construction cost was $4.28 billion($9.68 billion today), nearly 1,000% over the original budget of $430 million and seven years behind schedule.” Here is a nice story on the plant.
https://www.chicagotribune.com/news/ct-xpm-1985-11-28-8503220485-story.html
For 80 cents a customer these woke climate alarmists will probably let these two nuclear plants close up. Then they will proceed to have everyone drive a stupid electric car. Then they will soon find out there isn’t enough electricity. Rates will then go through the roof. You cant build enough windmills to equal a single nuke plant. And windmills don’t produce a baseline phase, you’ll still need nuke plants to get a base phase to lock in all those disparate wind alternators.
Then they will soon find out there isn’t enough electricity, this is a on going problem in parts of the country now, I just don’t understand what these morons in Springfield are thinking, climate change, only climate change is political climate change it’s all about there bottom lines. Does anyone remember several years back it was reported that the earth is off its axis and the poles are shifting which in turn will cause weather abnormalities across the world.You cannot control wind patterns and frontal movements, if anyone pays attention to yearly temperature patterns back in the early 1900’s it… Read more »
Climate change is a religion for these people. They believe their convictions with religious fervor and any data which disproves their beliefs only reinforce their delusions.
And because there are so many straight D ticket voters in the state, the progressives took advantage of that, and they are in charge, for better, or worse.
Great our future is in the hands of dopes. The problem isn’t Nukes or fossil fuels,wind or solar! It’s the idiots who set policy! The Illinois Senate knows jacksht about anything but a soft job with perks
Is the supposed job creation in energy bill to phase out high paying union fossil fuel jobs and replacing then with some guys getting paid cash to dangle off your roof to install solar panels?
Everything Democrats touch turns into a boondoggle – they are incapable of just doing their job. It’s all about the grift, just like with Biden.
The taxpayers demand open book costing of the nuke plants – it is BS that the plants aren’t competitive.
Clown world. Even WATER VAPOR is considered greenhouse gas. Nuclear produces the most amount of water vapor. Worry not my friends because the problem is not greenhouse gasses but rather fossil fuel.
Lol. WATER VAPOR. . .human respiration produces water vapor and co2. But don’t worry, democide will solve that via the plague and resource denial.
That is 20,118 GWh in 2019.
1101(20,118,000)= 22,149,918,000 gallons in 2019.
22,149,918,000/75,750=292,408.15 (seconds)
only approximately 81 hours worth of water from Niagara.
That is one plant in Illinois. Total for the us is 1.6 billion mwh in 2020. How much water is that?
What a JOKE