-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Microsoft just made a deal to re-open 3 Mile Island and use the power from that nuclear power plant to power all it’s electrical needs for cloud computing and AI.
And it will only get worse if Illinois and Chicago attract data centers, which are major consumers of electricity.
Good intentions? You are the carbon that JB the Hutt and the Climate Clerics want to reduce.
Those who can make you believe in absurdities can make you commit atrocities – Voltaire
An interesting contrast is this article claiming that developers of data centers in and around Chicago have a relatively easy time getting power.
illegals on bikes to generate the power!