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"During the winter's frigid temperatures, where tens of thousands Chicagoans were left without electricity, now is the worst possible time to hastily slam through an ordinance without examining true cost," said Ald. Gilbert Villegas.
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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I see so many backup power generators on houses these day and what powers them? Gas of course providing the very simple answer why gas is not the evil the leftists would have you believe.
It’s a niellist movement.
This is the height of leftist insanity! How about passing an ordinance that requires eco nuts to have their gas and electricity turned off. Live the dream before you force it on the rest of us
Ald. Villegas, member of the party that hastily slams through legislation without examining the true cost, complains about his party hastily slamming through legislation without examining the true cost.
The man is a genius!
The irony is that comed will burn natural gas at the plant to create electricity to heat your apartment, instead of just sending the gas directly to your house, so you can burn itself yourself to heat your home. Natural gas pipelines into individual homes is one of the most ingenious inventions man has ever created. Look up the Roman hypocaust, where slaves would burn fires and blow the warm air underneath residents homes. It was cutting edge technology at the time.