-- 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
Coming from a man who cheated on his property tax to the tune of more than 900K.
They talk about heat pumps but do they know that a heat pump is practically useless in subfreezing weather. Living in the south and owning a heat pump/AC unit, I can tell you that in January when we had a few cold nights, (25 deg.) that unit was running constantly and it finally gets to a point where it just cant make the house any warmer, no matter how long it runs. Chicago has much colder weather and unless they have a design for cold weather heat pumps, good luck with that.
Our local utility, which provides electricity and, in some locations, natural gas service, has been soft-selling in-ground heat pumps for some time. Now they are pumping up the volume–pun intended—and offering a series of informational seminars about heat pumps and why we should jump into the game. The emphasis, of course, is on the “current incentive programs.” I do wonder how the heat pump would work around here, where January temperatures typically run from lows of 10 to 12 °F to highs around 27 or 30 °F, and with February temps a little higher. I’m sure they’ll explain all that… Read more »
Gov Fat-Ass is blaming utilities for the mess created by Democrats’ green energy state suicide pact
https://www.wsj.com/articles/illinois-democrats-unemployment-prairie-state-climate-energy-change-fuel-prices-11626451190
Yes! They’re disrupting the markets with public money. Here’s the group responsible:
https://2025cleantech.com/
JB here’s a word you wouldn’t understand because you never had to work – competition. Your policies make electricity more expensive, in turn that allows every other energy provider to charge more.
So, we have ‘transparency’ to show that Democrats ‘values’ and their CEJB raised energy costs for all IL citizens. Don’t blame Ameren.
Blah blah blah. Nothing to reduce costs or head off the electricity production shortage we are heading toward.
“our values”; sickening.
Oh the irony! Gasbag Pritzker actually accuses another entity of outsized spending! Look in the mirror JB.