-- 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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When this fleet of EVs actually exists, how will politicians replace the exorbitant gas tax that supposedly supports IL road maintenance?
As Howard Hughes’ relatives likely said, where there’s a will there’s a way.
It’s already being done in Illinois and many other states – you pay a much higher annual fee for your vehicle sticker.
There won’t be enough electricity to charge this fleet of cars. Where is the energy going to come from to replace gasoline?
Coal!
Futuregen?
They will all look like these:
https://www.gearhungry.com/best-electric-cars-for-kids/
I like #6