-- 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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Mayor BJ can put it to a vote, here in Chicago, whether windmills should be installed in Lake Michigan along Chicago’s coastline. I’d expect lakefront liberals to unite with working-class POC folks to defeat any “green energy” visual pollution of lakefront. Bet a Chicago referendum would result in resounding “NO” vote. Only people interested in “green energy” are white-privileged “woke” young folks and their “progressive-thinker” moms, and the corporate executives who financially benefit from promotion and enactment of “Green Energy/Climate Change” government policy and mandated expenditures.
Since the north shore liberals are all about wind energy. Lets put these windmills up on the north shore and Lake County. Since those people won’t complain one bit about looking at them right?
For the politically connected it makes a lot of sense and $$$$$.
12 turbines? 150 megawatts of power? Annually, MAYBE. The PJM grid that northern Illinois belongs to requires up to 100,000 MW PER HOUR. The Fowler Ridge wind farm in Indiana (if you drive 65 you know it well) has a nameplate capacity of 600 MW with 355 operational units. And keep in mind that the capacity factor of wind in the Midwest is about 30%-40% (meaning the combined farm can be expected to produce 35% of that 600 MW on average over the course of the year). 12 turbines represents nothing more than a token contract to the firms that… Read more »
For more perspective a school district wanting to deploy just 50 EV school busses… Will need to purchase 15 megawatts of power from the coal-burning grid DAILY to fast charge their fleet. And they will have to endure the giggling power company when they ask them to substation in that kind of capacity to their little 50 vehicle bus barn. And if their busses are currently kept outdoors, they ought to think about building a building for the EV’s as they don’t like the cold. Oh and forget using a EV bus for any long field trips. So if these… Read more »
So these Illinois “leaders” want to have some heavily subsidized power company install these navigational hazard eyesores in Lake Michigan to “…help the environment and also create jobs for the economically disadvantaged South Side.” Please list the exact jobs that will be created for residents of that region. Also, please list the precise amount of incentives that the flat broke State of Illinois and near broke Uncle Fed (the taxpayers) are on the hook to pay. Also please list the specific degrees that the regional and planetary temperatures will be affected by this project. Or NO DEAL. Another virtue signaling… Read more »
This is an interesting post being there is another post up today that says Illinois residents will have the highest heating bills this winters. No point in not making the costs even higher. As for the creating jobs part of the post there are a lot of Southern Illinois coal miners out of work these day causing a lot of others to be out of work too. Illinois, what a disfunction.