-- 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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1.14y(25) = 26.4! Imagine paying 2K to 3K electric bills every month! On the bright side I’ll probably expire before that happens.
I haven’t found a link to the actual report, but as described in the article they assert that reduction in carbon emissions can be more economically achieved by hiring workers in the “pipe trades”, and operating engineers, to improve the natural gas system, rather than building more electricity infrastructure. I suppose this might be true. The assertion that carbon emissions need to be reduced apparently is not questioned.
There are many sites presenting what I think are more enlightened views, such as https://co2coalition.org/ and https://www.climatedepot.com/
Full report here: https://ima-net.org/wp-content/uploads/2025/07/Analysis-of-the-Future-of-Gas-in-Illinois_Final.pdf
What it costs the general public, taxpayers, it does not matter to the democrat, wealthy, communist, Illinois politicians.
” … ensuring continued progress toward a low-carbon energy future.”
https://standyourground.watch/pipeline/watch/
Thank you for sharing! A must watch!
It was news for me too. Had no idea they were willing to take it so far. Rumor is the C02 might be used to make oxygen in underground bases. Getting ready for the next ice age?