-- 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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meanwhile the article below says that UIUC is joining a campaign against climate change…
This is nothing but an attempted socialist power grab, just unbelievably stupid policy ideas
oh by the way, i’m upper middle class and I have to pay about 40 grand for my solar array… awesome
Leasing solar panels to low income home owners? What could go wrong? Sounds like a scam
I know, right? Is there a market for salvage solar panels like there is for salvage copper piping?