-- 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
No rate increase to customers for maintenance work the utility companies should be doing to provide the service that customers are paying for. Remember the increase to dispose of spent nuclear rods? They never disposed of them or recycled them. Then they’ll try to charge us again.
Thank the progressive green energy champions, which include the Citizens Utility Board.
Wonder how much money CUB gets from the states NGO’s
20 percent increase in your electric bill? That has to be an anomaly, because inflation is only 2.3 percent (LOL).
Getting rid of the cheap, reliable coal-fired power plants in service to the Climate Religion wasn’t a bright idea. The bill is due now. Next will be the rolling blackouts with media types and leftists speculating fecklessly as to the cause. JB the Hutt will blame greedy power companies, even as he and his fellow Climate Clerics pushed them into inefficient, insufficient and expensive electricity production.
Don’t forget the out of work miners and associated industries here downstate as well.
Good union jobs at those power plants gone for good also. Pritzker and Democrats destruction of the private economy in the name of their climate religion.
Railroader, you could have describe the pols Cali!