-- 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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these two are useless.
This article is ‘fake’ – you cannot put more ethanol into fuel for internal combustion engines w/ o damaging the engines. We found this out the hard way with small 2 cycle engines – ethanol destroyed them. Now most smart people have to buy canned ‘pure’ gasoline for their small engines. 40% of the corn crop goes for ethanol – it’s not needed, particularly as EV become more prominent. The Democrats are pushing a lie – just pay farmers to do nothing, that would be better.
Another bad idea. Even engineers from the University of Illinois demand that biofuels be eliminated and allow Corn and Soy to be used for food products. We have earth fuels (they are not “fossil” fuels) and we never will need to burn our corn for fuel.
This is all B.S.
Biofuels are a waste. Total graft subsidy for crony capitalists.