-- 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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And the “Inflation Reduction Act” continues to do the opposite. That assault on the taxpayers by the worst President in history can’t be nullified fast enough.
Leave it to JB the Hutt to continue to prop up democrat donors and their failed stratagems with current and (Mainly) future taxpayer dollars.
Let’s see in five years how many of these lemons are still running, and what the maintenance costs have been. Diesel powered school buses last 20-30 years. Any bets on the life expectancy of these electric toys.? But of course by then all the lefty pols who frittered away our money on these clunkers will be retired collecting their state pensions.
They will join all the ‘green’ garbage at the back of the maintenance lot making rust outlines on the ground. Lion Electric’s political contributions will have been long spent by them.
Spot on Sparty. The wheels of the electric bus won’t go round and round…….