-- 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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Power plants use tremendous amounts of groundwater. The cost to the project for this water is zero.
Affected properties in surrounding cone of depression will need to pay for more powerful pumps and/or deeper wells.
Powerplants target deeper aquifers with”sweet’ water, but can contain high concentration of radon brought up and disbursed.
Suggest Manteno residents lawyer up quick to fight this one.
Gotion is the best thing that has ever happened to the area. Long term good jobs in a dying state is a good thing. Most every other company is leaving Illinois.
The same people who are against Gotion will be working there or will have family members working there. The ones who do not will have minimum wage jobs at the local Walmart selling Chinese made goods.
You get points at least for consistency. That’s consistent with your view that everybody should leave.