-- 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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And why Biden will lose in 2024 unless they steal it again, which they could.
And if anyone thinks all the energy packed into that 170 gallons will somehow come cheaper with an electric RV in 20 years will have a rude awakening. Energy is energy, a few coal and nuclear power plants are not going to generate the power, this is just one vehicle multiply that by 400 million. I’m not even counting wind, solar and hydro sources, these sources are mere toys. If the greenies want an EV future, they need to start building many, many nuclear plants starting now.
Or, they can just restrict you from using modern energy sources entirely, peasant.
That field won’t plough itself, churl, so get that ox to work.
Payments at the boat dock this summer will probably put that to shame.