-- 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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The fifth increase in a decade? That’s half as many as SEIU demanded. And received.
It’s their pipes to sell their product, so let them pay out of their profits. If they would have maintained their equipment, we wouldn’t be in this situation. Why should consumers pay for their mismanagement?
Someone has to cover the costs of the progressive green initiatives and the folks that just can’t seem to pay their utility bills.
Come on, I need the money. Exelon pays a good dividend. Turn the heat up. Your Dad was wrong, you can heat the great outdoors so leave the back door open when you get home.