-- 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
The Great Lakes Electric Car Suicide Pact
Why US Is Nowhere Near Ready For Electric Cars
https://thehill.com/policy/energy-environment/3566013-buttigieg-spars-with-gop-lawmakers-over-bidens-ev-goals/
Much of the scenic route along Lake Michigan is on Lake Shore Dr (I won’t call it any other name) and travels thru, let’s say, some less than desirable areas where crime is rampant. So park your snazzy EV at a charger for 45 minutes or more and let’s see what happens. The predators out there will figure out easy pickings in about 30 seconds. Car jacked, robbed, raped, beaten, shot? How many bad things could happen?
We finally have a category where Illinois performs better than neighboring stares, and it’s something that residents don’t want or care about. That’s classic Illinois all the way.
Taxpayers paying for wealthy people’s toys. The average EV costs a little more than the average worker’s salary.