-- 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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Those cheap reliable job creating relatively clean Illinois coal power plants don’t look so bad now do they?
Shameless blame game fully underway now. Yes, the grid operators may be partially to blame, but the primary problem is vast, naive over-reliance on renewables and neglecting to address the lack of any transmission lines to them.
Quit trying to say” WIND AND SOLAR “ is sufficient!! You need nuclear , clean energy, and fossil fuels to supply the grid with electricity.
Something apparently lost on Dems that don’t realize it takes energy to create electricity. Perhaps they thought that they would make like Ben Franklin and draw it from the clouds with kites and strings.