-- 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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Forced puchasing from government agencies is the only thing keeping this alive. Unfortunately these electric vehicles also don’t work for the people that need them either and these no infrastructure or money to build it. Parking lots full of dead cars like China.
This taxpayer funded boondoggle dies with Biden. Nice press release, but thats it.
Ah yes, left leaning Bloomberg tips their cap to Governor Blowhard. How’s that EV demand trending? Not too good me thinks, as the auto manufacturers have pivoted hard on that silliness. Toyota has pretty much walked away from it entirely, focusing instead on developing more efficient internal combustion engines. As for showcasing Chicago, well, that comes with a little risk. I’m doubtful there will be real trouble, but the combination of thousands of illegal immigrants and a horde of Palestinian protesters warrants watching. If we happen to have a hot streak all bets are off.