-- 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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And when a “global warming” hail storm destroys every panel and waste millions of taxpayers dollars, they’ll blame it on global warming.
I think we’re supposed to call it “climate change” now. That way every single weather event can fit under the umbrella.
So is this project like the Gotion battery plant where the subsidies exceed the foreign investment?
Chinese panels creating jobs in China. Ugly eyesore on the Illinois countryside. Chew up valuable farmland. Grossly exaggerated electricity production, especially in winter months. Scores of millions in subsidies from taxpayers. Cheaper energy available from nuclear or natural gas that would save consumers money. This is a good idea, right?
Not enough info in the article, but generally it is absolutely stupid to put a large solar field on top of the best farm ground in the world. Putting these solar fields in the desert, like the article mentioned, makes perfectly good sense. Really would like to see how much farm ground was bought up and for how much – its really expensive here in Central IL. The only way this project makes sense is if there are massive subsidies, very likely from rate payers and taxpayers. You have a perfectly fine modern coal fired plant in Springfield. And folks… Read more »
Hmmmm, The $400 mil solar facility in CO is getting scraped due to US made solar panel plant shutdown due to financing:
“A spokesperson for the Meyer Burger, the Swiss firm behind the scrapped Colorado solar project, told Newsweek on Wednesday: “Our solar cell manufacturing facility in Colorado Springs, Colorado, has been put on hold due to an unexpected negative outcome with the financing.””So what solar panels is Double Black Diamond Solar, Illinois $400 mil facility using? Chinese panels?