-- 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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Interesting when driving along near a hugh parking lot my eyes focus on thousands of trucks, some with 4 way flashing lights just sitting there. These are not sold waiting to ship hell then they would be at a rail siding to be loaded for shipment. They would be at trucking companies waiting to be trucked for delivery. No these are just sitting with light flashing on some of them. Batteries low? Rivian and Pritzker announce millions of Dollars of our money to build some more. Do you think they are lying to us? Would they just steal our money?… Read more »
I put this article on the wrong article about Rivian. Don’t know how to delete my own comment.
https://www.yahoo.com/finance/news/rivian-receives-827-million-incentive-183603526.html
Who did the research to conclude that people can’t wait to run out and buy expensive EVs? Such research turned out to be faulty. I understand there are now some EVs that are affordable but undesirable; sort of like buying a Ford Pinto or Chevy Chevette in the 70s.
Nobody did. The government ruled by fiat.
Open window and throw another $1.5 billion dollars out the window to support a failing company producing an inferior product and the brag about it. Meanwhile state roads look like they have been bombed. Brilliant!
People don’t want these overpriced impractical vehicles. They simply aren’t functional. Luckily for Rivian, they’ve found themselves a pig headed politician that doesn’t know how to admit he was wrong. So JB doubles down with taxpayer money and the executives at Rivian throw themselves a party as the gravy train continues. This company will never be profitable. What a fiasco.
USE YOUR OWN MONEY PRITZER