-- 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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Democrat EV push is pushing car companies into toilet.
But, But, But Toilets said it was so. And the lapdog media bought in hook, line and sinker. Illinoisans get repeatedly crapped on but they like it, because the Bears are playing tomorrow night. Pass them a beer so they can be the nothings the democrats know they are.
Here’s the latest on Ford EV’s. This is another reason why Stellantis is stalling to open up the plant. They are waiting to see what vehicle may be built but most likely not an EV.
https://finance.yahoo.com/news/ford-plans-low-cost-ev-120607969.html
Stellantis: Who wants our terrible electric trucks? Answer: Nobody.