-- 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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Another special interest group , unions , getting there way . How does this benefit schools ??? Just like EV BUSSES . Pure BS.
Madigan made millions on the Con Ed deal. Someone is making a killing on this. Mark my word. And the taxpayer gets hosed again
The Green new scam just a waste of taxpayers money. Keep voting Democrat.
This green shit needs to go away, out rates are going to skyrocket even more
The thing is, this is future technology. These morons have obligated the rate payer to pay for green power storage…that does not exist. All while taking real power producing tools off line in the name of the environmental nuts and their “the world will end in 20 minutes” claims. The duration of this “project” is so long that the technology will change and change and change…while we get to pay for it…this is another move by the democrats that makes no sense and is a bad deal. What could possibly motivate them to enter into such a risky, bad deal?
Another so called “future savings plan” with immediate extra costs to the Illinois citizenry? To be sure the gimme dats won’t care as many of their bills are covered by the LIHEAP give away program while a large majority of the rest of the voters swallow the Kool-Aid continuing to believe what the Legislature promotes. What could go wrong because it’s Illinois, right?