-- 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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Wind turbines need a wind to blow at a certain speed before it actually produces power, 15/20 mph I think, and anything less barely produces enough power to run the turbine components. Huge wind farm near Earlville, Illinois next to I 39. Drive by and many times no blades spinning so no power. I guess mandating renewals will make them work better.
Pigchop will get out there and huff and puff!!
That’s one way to get rid of Pritzker