-- 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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Germany Faces the Green Fiscal Truth but Biden Still Clings to EV FantasyNovember 25, 2023
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Economics
The German constitutional court is forcing Green reality in Germany. In the US Biden hasn’t and won’t give up what has proven to be Green nonsense.
https://mishtalk.com/economics/germany-faces-the-green-fiscal-truth-but-biden-still-clings-to-ev-fantasy/
This is ridiculous far-left propaganda, with all the far-left’s favorite boogiemen, including Rush Limbaugh and Elon Musk.
EV’s are coal powered cars. End of story.
Eliminate the subsidies and impose a motor fuel tax equivalency and watch the s ales of those vehicles come to a halt.
What I believe is needed is a no frills very inexpensive urban EV without all the bells and whistles. Average daily miles driven is maybe 30-35. How many people spend $40-$60K for an EV for city driving? For the city only a vehicle with a range of 100 miles or so. Suburban EV’s are a different story since most places are farther apart. Long distance does not have the infrastructure yet. Most miles driven are in the cities.
https://www.bts.gov/statistical-products/surveys/national-household-travel-survey-daily-travel-quick-facts