-- 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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“Cunningham, who has served as a lead negotiator in the state Senate on the energy bill, said most of the talks around the legislation have been between environmental groups and organized labor.”
With those two groups I’m surprised they can’t get this resolved. Maybe Texas would like to buy one of these nuclear plants.
Good! Let it shut down.
Come on Porky, Lori got pantsed by the FOP; now it’s your turn. Ya think they were going to behave because of the bribery. Maybe they don’t care. They’re safe, they know everyone who got paid. It’s just theatre. If they sent the list to Lous or Laushe, whatever. He’d lose it fast. Excelon already ran the numbers for the state.
Get ready for rolling blackouts, there’s not going to be enough electricity to power the air conditioners during 90+ days much less than the save the planet EV’s. Open a candle store and you’ll make a fortune.
Because Illinois generates much more electricity than we consume, the state is an exporter of electricity. Illinois is also a key energy hub for the nation, with over a dozen interstate natural gas pipelines, two natural gas market centers, several petroleum and petroleum product pipelines, and an oil port.
Will we still be this way when FOUR nuclear plants are shut down because Exelon no longer has the clout with Madigan to bribe the state for subsidies? Do we have ready and available plants to start on a moment’s notice to burn natural gas for energy? I’m guessing not.