-- 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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The iShares Global Clean Energy ETF is down over 30% this year as the “pie in the sky” dreams of the leftists sink into the reality that the whole thing reeks of government waste, cronyism and pipe dreams. That doesn’t stop Pritzker though when spending Illinois tax dollars. Funny thing though is that Pritzker could be re-elected because in the voting booth in Illinois it is not green energy but rather food stamps, welfare benefits, and other liberal causes that the Illinois voters so dearly love. Another pit for Illinois tax dollars while existing bills get kicked down the road.
To revise and extend Gov. Flintstone’s remarks, let’s add that Ford Motors will need to see a larger profit in EVs than they currently do and we’ll need to build a coal fired electrical generating plant to power the battery factory.
To revise and extend Gov. Flintstone’s remarks, let’s add that Ford Motors will need to see a larger profit in EVs than they currently do and we’ll need to build a coal fired electrical generating plant to power the battery factory.