-- 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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ComEd gotta pay Madigan’s legal fees so rates increase is needed.
Biden’s double-digit inflation now working it’s way into the period cost structure of utility’s.
Let’s see, Comed paid a $200 million dollar fine for the Madigan shakedown and now wants to charge customers $199 million more. Got it!
It never ends. What will it cost to charge an EV in 4 or 5 years from now when more people will have them or worse when we are mandated to buy one. I believe in Washington state by 2030 everyone will be required to have a EV.
A person called into C SPAN a week ago and said the cost to charge a high end Tesla at home in California was between $34 to $60 and higher at public stations. Not sure how true that is.