-- 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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We will see how great that microgrid is when
There is no money to maintain it, copper cable is ripped out and sold.
I have a micro-grid right here in my house! I can pull the main, plug in the generator and voila! Micro-grid power!
That is just what Bronzeville– and so many other Chicago neighborhoods need– more green energy. We don’t need good schools, or safe neighborhoods, or lower property taxes, or cops to answer 911 calls– we need green energy. If only we had some more solar panels, windmills and EV plug in stations, everything would be just grand.