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The bill’s sponsors said after its passage that it has the potential to bolster Illinois’ electric grid reliability as the state’s energy mix becomes increasingly reliant on intermittent technologies such as wind and solar.
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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About time. Soon there will be a Trident nuclear sub parked just off of Oak Street beach with a long extension cord to power downtown. And in case of riots launch a barrage of nuclear tipped missiles at point blank range. What could go wrong? LOL