-- 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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Nuclear run school buses is definitely the future and forward thinking way to go for Illinois.
After decades of screaming against nukes the left now pleads for it to be their savior.
While the rest of us wonder why sustainable solar and wind dis not save the day or anything else
JB wants to run for president, which is the only reason he’s doing this.
Also cancel all this “Go Green Go Broke” policy for energy.
Well this is surprising and welcome news. Recognition of the need to ramp up generation of electricity to meet surging demand only makes sense, hence the surprise.