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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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It will be similar to training a new generation of buggy whip makers, because solar is unsustainable and totally unreliable. Most people realize that solar is not the solution to green energy. In the Chicago area 176 out of 365 days, or 48 percent, are cloudy and little or reduced power is produced. That doesn’t include the number of days that solar panels are covered with snow and produce no power at all, so call it 50 percent of daylight hours. Solar panels only produce peak energy when the sun is highest in the sky in the summer. Due to… Read more »
translation: wage slaves needed from which to extort operating expenses for the state.