-- 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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You would think they learned their lesson after the winter debacle in Oakbrook last year.
Time to start thinking about islanding your
Home with solar cells and batteries. Only with islanding can you tell Electrical utilities
To stick it. The time is also now to get the hell out of Illinois if you can.
So, that’s where the “ green tax “ , an ever increasing tax proportionality larger in relation to your electricity consumption is going! Good to know.
Thanks ComEd, but really $90M is a drop in the bucket of what sort of funding and technology development needed to make it work.