-- 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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lol as close to the state border as possible.
Why is there never a shortage of stupid fckn ideas out of Springfield? Is it because Chicago controls the GA?
Government screws up EVERYTHING IT TOUCHES. So, expect the taxpayer and electric consumer to be the victim.
GREEN GRIFTER ALERT: Illinois Democrats Want Goofy Green Windmills In Lake Michigan — Even Though Lake Storms, Winds, Waves, And Ice Will Smash Them Into Pieces — And ComEd Customers Would Be Soaked For The Construction Cost
Somebody needs to take a drive down I-65 about 45 minutes south to look at how the massive wind farm there has scarred the landscape. Is that what people want Lake Michigan to look like? It would be an abomination that would take scores of years– if ever– to get rid of.
Most of those turbines are broken and in the locked position too – nobody seems to want to discuss the short, fragile lifespan of these megastructures. Oh and they dont produce that much energy either.
And not a word about what happens when they become obsolete – they can’t be recycled, so what happens to the fiberglass behemoths and all that concrete?
No, they don’t want to talk about that either.