-- 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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I paid a $25 dollar or so monthly delivery charge for nat gas when I used about $6 a month worth of gas as my stove was the only gas powered appliance in the house. If you can’t afford it, oh well. And don’t try shining the delinquents costs off onto those that do pay their bill. This isn’t the Chicago Water District, you know.
Old housing in these neighborhoods with poor insulation and higher gas prices due to Biden’s Ukranian war, and his shut down of LNG.
HE HAS HURT EVERYONE WITH HIS BS