-- Connecting the dots between our economy, government and business --
Lawmakers spent months crafting legislation that they hoped would spur development of new wind and solar power as well as large batteries to store the energy. But that bill didn’t move forward in the session that ended Saturday after business groups reacted, spurring criticism from environmental advocates.
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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Finally, some sanity. Props to the business groups who helped kill the bill.
The Climate Clerics already killed the cheap, reliable power plants. The damage has been done.
Prices are determined generally by supply and demand. I just wonder how much power bills have and are increased by the demands placed upon the system by Pritzker’s beloved illegal immigrants. As is easily seen there is more costs shouldered by the populace regarding these immigrants beyond their free healthcare and free food benefits. Funny how on election day the Illinoisans always vote for the choices that cost them the most money.
Or the transplanted “Illinoisans” vote on what brings them the most benefits.
“Those who vote decide nothing. Those who count the vote decide everything.” – Joseph Stalin