-- 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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As usual, Crains is going as far left as they possibly can. Until Lunar panels are developed that can produce gigawatts of power at night, through the clouds, in winter with snow covering them, the goal of 100 percent “renewable” energy is only a dream of fools. Fire up the nukes. The Navy has operated reactors for at least 7 decades without uncontrolled problems under conditions land based reactors will never encounter. Bear in mind that the Navy reactors were also built by the lowest bidders, as well. It can be done! ComEd did it before and they can do… Read more »