-- Connecting the dots between our economy, government and business --
A group of 45 mostly Democratic lawmakers is sponsoring legislation to move Illinois to 100 percent renewable energy by 2050, and make the state’s power sector carbon-free by 2030. These are only some of the objectives in an almost 400-page amendment added Thursday morning.
Other goals include replacing the equivalent of 1 million gas- and diesel-powered vehicles with electric vehicles and mass transit; building more than 40 million solar panels and 2,500 wind turbines by 2030; starting training programs for workers in the clean energy field; and helping those in Illinois’ coal industry weather the transition to more environmentally-friendly energy sources.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The HVAC guys are gonna have a field day uninstalling every gas hot water heater, furnace and stove from every house and business. And putting them out on the curb. Will they replace them with electric units? If so then every electrician will have a field day upgrading every home to 300 amp service for all the electric heat and plug in cars. Of course we’ll have to build a few more nuclear plants too after we shut down the coal and natural gas plants. Pricks tear is deflecting from insolvable financial issues by trying to now defy the laws… Read more »