-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
This was the intended result from Illinois Democrats’ Green Grift ‘N’ Graft State Energy Suicide Pact — wait till the blackouts start this summer
Exactly, the Democratic demons in Illinois are shoving it right down are throats and up are you know what without any input from the taxpayers
Like Nicor Gas price for May is $1.11 per therm compared to .53 cent/ therm last year which is still almost double from the year before at approx .28 cent. What concerns me is will these prices continue through the summer and increase even more during winter like it did last summer.
One guess is that when people switched over to LED lights consumers saved some money but utilities had reduced revenues so they raised prices to compensate.
One big problem, we dont have enough electricity now, renewables aren’t enough or for that matter even close how in the hell are we (they) the ones who own electric vehicles going to keep them charged. Rush rush rush with absolutely no plan in place typical Illinois politicians for ya, it seems like this is all headed towards the control demolition of the American people.
A neighbor of a friend of mine in Rockford bought 2 entry level Teslas. I suggested that he get some solar panels with a Generac power storage cell. Same friend just put in solar panels enough to generate power so that his bill should be $10-$15 dollars. Your right. No plans from so called leaders.