-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Unless I start to hear that Illinois is supporting and building MNR(Modular Nuclear Reactor) power plants, this is definitely putting the cart before the horse.
But then again , most people think that electricity is “magic”.
Doesn’t electric grow for free from green trees in Springfield?
(asking for my neighbors dog)
When the EV business relies on the government to supply subsidies and choke your competitors fuel supply and now outright ban the competition by force, its not really a business, its collusion. Just make EV”s compelling enough and see if the market wants them. Without playing games with gasoline prices, subsidies and outlawing your competitor. Without competition you’ll only wind up with substandard EV’s in the end because the government stepped in and obliverated your competition for you, so you no longer have reason make an EV thats as good as an ICE vehicle. Is that the plan?
Exactly correct.
An article that spends lots of time working it’s way up to concluding that there’s too little electricity to support forcing taxpayers to bribe people into buying electric cars, so the “experts” will create micro-grids to make it easy for the power company to turn some people’s electricity, off so that other people still have some.
Can’t just wait until the product and service are good enough that people decide they want to buy it on their own……
We can’t supply enough electricity as it is, so lets add thousands of EV’s to drain the grid even more…
But don’t ever mention the extreme cost to the environment to make these EV’s…