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.
Bullschite. JB the Hutt and the Climate Clerics demanded that the cheap, reliable coal fired power plants be sacrificed on the altar of the Climate Religion. The bill is due.
But let’s keep pushing that electric vehicles/ appliances/ data centers initiative.
The increase is just another disguised tax. ComEd gets money as well as the politicians in the form of taxes or fee revenue. And just like the tollway, the rates will never go down. There is no reason to lower fees – Illinois politicians could care less about the people actually footing the bill.
Not to worry, the feds say the inflation rate this year is 2.3 percent so far. (Just don’t try to buy a new car, renew your insurance rates, go grocery shopping, pay your medical bills, etc. Perhaps those costs weren’t considered in the estimate.)