-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Democrats for decades stopped nuclear power whenever they could over concerns of spent fuel storage, even blocking the Yucca Mtn site. Now that it’s pretty clear Democrats have damaged the electric grid and dramatically driven costs up for consumers with their ‘Climate Equity’ actions which relied on windmills and solar panels which were known failures as a primary power supply along with massive taxpayer handouts. Nuclear plants are complicated machines which have redundant safety feature for failures can’t happen, so they take YEARS to construct. The best near-term solution is to undo EVERYTHING Democrats did.