-- 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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Pritzker is an absolute economic menace.
Hope Bailey gives Pritzker some XXL John Deere suspenders to remember Illinois by.
At least we shut down nuclear, that’s just another Chernobyl waiting to happen.
Ameren was a benefactor of the Refined Coal Energy credits that expired and not renewed for the 2022 operating year. Refined coal was said to burn cleaner but the Democrat controlled Congress did not renew the credits causing Ameren to increase the current rate base for the 2022 year. The Democrats, and their supporters. chose to headline and project accusations of corporate greed regarding the rate hikes when in reality they are the ones that caused the situation by not renewing the credits presumably increasing both the air pollution issue as well as raising living costs for the population. So… Read more »
You ain’t seen nothing yet. Joe Bidet will turn the dollar into scrap paper by the time he’s institutionalized in a memory care facility.
Google on the Weimar Republic to see what can happen. The currency becomes so useless as a store of value and means of exchange that it is replaced with some thing else that does these functions better.
The value of the US Dollar is declining rapidly, but not nearly as rapidly as every other currency in the world (except the Ruble). The yen’s value has historically collapsed, and the japanese are printing money to offset the collapse, and it’s collapsing even more. The Euro is the same. The Turkish Lira is Weimar right now with inflation officially near 80%. The pound is suffering greatly too. Even the internationally traded Chinese Yuan fell to its lowest value since 2011 and its even weaker than 2008. So as bad as things are here, it’s far worse everywhere else.
I send money internationally on a regular basis. Like you say, the dollar is getting stronger. It’s the only thing I benefit from thanks to Biden.
Look on the bright side. These worthless dollars are going to be mighty handy to burn for heat this winter with Ameren’s rates being so un-affordedly high, See? Brandon thinks of everything for the middle class
Best thing to do right now is winterize your home now. Small things help like have your furnace cleaned and checked as soon as possible. If a cold wave comes repairman will be busy. Change furnace filters often and buy now in case of shortages. Check for leaks and drafts around doors and windows. Get the plastic wrap to seal windows. Insulate exterior wall pipes. Get some radiator heaters which have multiple settings. Avoid space heaters that look like the inside of a toaster. They are a fire hazard and a energy drain. Spin clothes a few times before putting… Read more »