-- 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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One thing we need to think about nuclear power is if something does goes horribly wrong with the plant none of our insurance covers nuclear accidents. And it can’t be bought on a separate policy even from the federal government.
Stock up on candles, you’re gonna need em! Wait until the false fossil fuel is bad agenda kicks into overdrive and the only thing allowed will be solar and wind. We’re handing back to the stone age folks.