-- 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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Nicor gas is 39 cent per therm this month while North Shore is 26 cent. Nicor has been consistently higher than North Shore and Peoples gas one month almost 100% higher. I have contacted them and they said they are buying at market prices. I said why don’t you buy from North Shore Gas and save us some money? Same generic answer. Market prices. Anyone using Nicor should contact them via email or phone to complain.