-- 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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Illinois Uses Your Tax Dollars To Subsidize Luxury Electric Cars
They can sell them at 50% of what a gasoline powered vehicle sells for and I’ll take the gasoline powered vehicle every time. The stories of people getting stranded in their brand new EV are out there, despite the liberal media’s refusal to cover them. The grid can’t handle these things, and if you pay attention you’ll see signs that the demand for EV’s is beginning to wane.