-- 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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extortion plan complete…
The IL chumbalones bail out Exelon!
Now that the energy bill passed the Senate and awaiting JB’s signature how much will home owners get reimbursed from farmers or the state because of all the corn they grow? https://www.usatoday.com/story/weather/2016/07/22/corn-sweat-iowa-midwest-heat-wave-evapotranspiration/87442376/ https://www.agriculture.com/got-excessive-perspiration-blame-the-corn-sweats Everyone is asked to conserve energy but how can that be done when corn is planted everywhere and contributes to higher humidity and dew points which keeps A/C and dehumidifiers running 24/7 to try to keep cool. Rochelle had a dewpoint of 126 a while back. Farmers are growing a crop which will eventually be turned into high fructose corn syrup/ethanol/livestock feed and exported but very little… Read more »
Don’t worry, farmers will be the next target of our legislature. It’s only a matter of time before the farms too go bankrupt and we’ll be importing our food entirely from WI and IN.
Well of course farmers are next they will use eminent domain on them for massive solar farms and windmills. I can see it now welcome to Gatesville!