-- 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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Going back to the source cited in the article, Illinois is the most costly of the 15 states included in this report. Omitted states include some cold ones: the Dakotas, Vermont, Minnesota.
Illinois had at one time cheap electric rates thanks to its being located over large coal reserves and a large body of relatively clean coal power plants. Thanks to the greens and the Democrats the coal plants were shut down putting power pant workers and coal miners out of work. This is what is called success by the Illinois Democrats along with their green partners. Regarding the nuclear route all one has to do is look at the multi year problems with the Clinton County Power plant construction problems. Add things like this to the other problems listed in the… Read more »
Since Pritzker and the Democrats energy tax in IL, my power bill seems forever stuck above $200/ mo Before it would trend down to $140/ mo in the off season like Fall. Pritzker is killing the working class with his goofy thinking and totalitarian behavior.
a lot of Peoples Gas rate increases, in past, have been driven by pipe replacement program which has big political backing by Operating Engineers/ AFL-CIO. (https://capitolnewsillinois.com/NEWS/chicago-utility-pushes-back-against-state-oversight-asks-for-further-rate-increase) Ed Maher, a spokesperson for the International Union of Operating Engineers Local 150, said the decision could affect up to 1,000 workers, including 200 members of his union. “It leaves an entire workforce without a way to feed their families for 12 months,” he said. Maher also said the ICC “overstepped any kind of precedent” and the paused work could create safety risks. “The commissioners are playing politics with peoples’ jobs, peoples’ heat and peoples’ safety,” Maher… Read more »
And they want to force you to switch to electric, LOL. They’re trying to freeze you to death, for Mother Gaia is a death cult, and the elites have decided that you will be sacrificed to appease the gods of climate change.
I had an air source heat pump when I lived in Chicago.
It didn’t cut it in cold Jan. and Feb.
In Chicago you need a nat gas furnace.
Imagine having a toaster the size of the gas furnace you have now running day and night. How high would the bill be? What would it cost to heat the Willis tower?
Now if there were a way to harness all the hot air the politicians spew out of their mouths daily we would be energy independent overnight. LOL?