-- 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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In the mean time, China permitted roughly 2 new coal power plants a week last year. Their capacity goes up and costs stay low, while our capacity is flat at best, and county / city costs skyrocket. Anyone see a problem here? I think we share the same planet?
Eco- Nazis, such as Greta Thunberg ( now a Palestinian freedom advocate ) are entirely on another planet.
When will they figure out how to capture all the greenhouse gases coming from politicians mouths? Those gasses could power the entire state and country for decades. LOL