-- 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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I am not a Trump fan and I am not arguing for/against the Grain Belt Express. However, the US has an energy problem – we don’t need a transition, we need supplementation as we use more and more energy every day. One only needs to observe the race between many parties in the small modular reactor sector. A key to getting additional power where it needs to be is additional capacity in electrical transmission. The US needs to modernize existing transmission and supplement it with additional transmission capacity. Eminent domain will necessarily be required and some people will lose property.… Read more »
Fire the coal plants back up America needs reliable energy not solar or wind
No eminent domain(Government theft)!
If you think coal occurs w/o eminent domain, then you are not very well informed. Small modular reactors will be online soon and that is the key to our necessary energy in the future. Coal is fine, but it is less energy dense than an SMR.
The Democrat rigged IL Supremes can do whatever they want – the $$$ are gone.
Good
Green energy prices are killing us!