-- 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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Has there been a revolutionary new way to generate electricity created that I am not aware of? Where is all the electricity to power all buildings and all vehicles supposed to come from?
This is the height of lunacy.
The message from the city? Don’t build new buildings in Chicago.
What will replace the natural gas? Electric? Which the grid cannot handle it now. Maybe hooking up your Ford F-150 Lightning to power your home like in the commercials but that truck production is slowing way down. This cold weather is waking people up to the downside of frigid weather and EV’s. Rivian anyone?
Maybe we should hook up all the hot air coming from a politicians mouth to our appliances. Enough energy to power the planet for eternity.
https://finance.yahoo.com/news/ford-reduce-f-150-lightning-124211383.html
https://www.yahoo.com/finance/news/why-rivian-stock-crashing-today-174110153.html
It’s difficult to accept but these people are anti-human. Your very survival in this cold climate depends on cheap, abundant energy to warm your home in the winters. We’re not like the indians who lived in small, warm tents and had campfires to survive the cold winters. Our leaders understand that there’s too little capacity in the grid to handle further electrification, and that electric heat is the most expensive way to heat a home. And they don’t care. If poor people free to death in their apartments in the winter because of unpaid electric bills, that’s a cost they’re… Read more »
Plus look how many poor people use the old type space heaters like the ones with the filament that glows red like in a toaster? Then they use extension cords and put the heater next to the curtains or dry clothes on them. Then the house burns down and many are hurt or died. They have no idea on how to use a simple space heater. How many teepee fires have you heard of used by the Indians? Do you remember the guy decades ago in Chicago that drained cold oil from his car and warmed it up on his… Read more »
You can pry my gas range and furnace from my cold dead hands.