-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Green energy mandate needs to be eliminated.
Always late to the party
Yeah, we need to do like Texas and China, and build wind farms and solar.
Right. Except for evening and night time – the 60% of the time when solar doesn’t work – and the 65% of the time when the wind doesn’t blow strong enough or is too strong for the bat and bird killing turbines to spin. Wind and solar are a silly waste of tax breaks. The only solution is nuclear power. Anything else is simply proof that the dunderheads of the left are mostly humanities majors who failed high school physics.
Don’t forget the ice storm in Texas that destroyed most of their wind turbines and cut power for days.