-- 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
Golly. The massively corrupt Illinois Democrats in a deal with the even more evil and corrupt Chinese Communists. What could go wrong?
This can’t be right.
Didn’t someone tell Flounder China is an ethnostate with no tolerance for gays or other minorities?
And he gave them over half a billion of taxpayer subsidy?
How can this possibly be?
Don’t tell me Flounder and his pack of Dem viper counterparts have no guiding moral principals apart from their own self-deification. Because that would be really disheartening.
Gotion’s total incentive package from the State of Illinois, which includes REV, Invest in Illinois, and other incentives, is valued at $536 million.
If my math is right, that comes to over $200,000 incentive per job.
Math is not something that the communist left of the Democrat Party understands.
Does Sierra Club approve of this project?
And what is round Boy doing about the shuttered Chrysler plant in Belvidere? There was talk about a battery plant or an EV pant being run out of those facilities. I suppose that is all it was. Just talk.
With the proven risks of EV batteries…
What insurance company in their right mind would insure this place…?
Then add this: https://studyfinds.org/electrify-e-coli-bacteria-power/?utm_source=wnd&utm_medium=wnd&utm_campaign=syndicated
Brilliant…!
Add a deadly bacteria to an EV battery, what could go wrong…?
Wuhan Battery Co. anyone…
To make batteries for EV vehicles that never get sold.
Just a matter of time. This company will be bankrupt in 24 to 36 months after starting…and all the money will have vanished.
No, much of the taxpayer funded ‘incentives’ will land in the pockets of Democrats and their cronies. This is the con of Green.
Meanwhile Indiana just announce new $1.5 bil ENTEK EV plant…(doesn’t say if Indiana had to dished out $1/2 bil in subsidies like JB/Illinois)…So, how many EV/EV battery plants does Indiana now have compared to one in Illinois w $1/2 bil in state taxpayer subsidies?
https://www.chicagotribune.com/business/entek-indiana-20230906-tvyt63777vhszhee4xu7wh3hxy-story.html
Pritzker Wants To Do A Deal With A Chinese Electric Vehicle Battery Company That Is Controlled By The Chinese Communist Party — The Same Murderous Chinese Communist Party That Has Killed Nearly 40 Million People
A communist just loving on some other communists.