-- 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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JB has no idea that if everything is electric, Illinois grids can’t supply enough power. Electricity is produced by fossil fuels and nuclear power plants, which he is against.
He knows….(cause he’s smart….lol))….just doesn’t care
Our most reliable source of energy powers the back up generators you see on houses these days. Makes sense Illinois politicians want to ban it too. More dysfunction by the day brought to us by the voters of Illinois.
Legislation from taxpayers banning most politicians would be more appropriate. Or hooking up some pipes to their mouths to capture all the hot air they spew daily.
They want to ban natural gas and replace it with electricity, because electricity comes from fairy dust. That’s the only reason anyone would sponsor such an inane idea.
Our 100 year old natural gas pipeline structure is a blessing most of world doesn’t enjoy. Heck, most of the country doesn’t enjoy it either. We only have it because of gas street lighting and then it expanded into homes. Natural gas is abundant, clean and cheap. The people who want to ban natural gas are antihuman zealots who belong behind bars, where they can rot away in a cell and never again harm society with their absurd ideas.
nail on the head
Typically stupid legislation.
These folks are so far removed from the life the rest of us live, that to them this actually makes sense.
Gotta vote these clowns out as quickly as possible.
doesn’t matter to them they all have a lotta money thanks to the taxpayer
From your mouth to heaven’s ears………that election will never happen!
Hands off our gas stoves. They haven’t learned from the Electric Car failures.
Typical Illinois stupidity, just trying to push Jelly Belly’s wishes and fatten his pocket book