-- 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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This is just another example of how some people think that electricity is magic. It has to be generated somewhere and wind and solar are not going to cut it. So just how is the grid supposed to support all of this extra demand? And where will the electricity come from?
Electricity just comes out of the wall, water out of the faucet. Supporting infrastructure is just some racist mumbojumbo from the Man. Much like the hair brain idea to pump water from the Mississippi River to the Colorado river basin to fill Lake Mead! It’s as simple as building a road.
The Electric Chair will make a comeback.
I’m sure the union electricians love this ordinance. That’s several thousand dollars in labor per unit. In addition the cost of copper wire is pretty pricey for those type of appliances.
But totally ignoring fact that “electric” means fuel still is burned elsewhere to generate that electrical energy service. Stupid is as stupid does.
Don’t point out the obvious, you only encourage them to think outside the box where they’ll think of something far worse. Stair stepping power generation. Old hand cranks!
Electric stoves far inferior to gas for cooking.
Government again choosing winners and losers. What could go wrong?
Government at all levels have a very poor track record in picking winners in the marketplace.
COAL POWERED APPLIANCES!
“electric water heaters, clothing dryers and ovens”
Let’s not forget coal powered electric cars. Illinois will be turning the power off randomly like a Third World country at some point.