-- 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
How about we knock down abandoned buildings on the south and west sides and put up windmills there. There is absolutely nothing more equitable than having a source of wonderful wind energy in your back yard. The residents there would get first crack at the energy generated so they can charge their $60,000 electric vehicles Secretary Buttgig says we must all buy. There should be plenty of wind to power them because this is the windy city, after all, and not all of our wind comes from city hall.
If the power generated by the behemoths is to be added to the power grid, exactly how do POCs and Hispanics benefit more than any other utility customers??
Asking for a friend.
I asked the same question, assumed that plantation style manual labor, turning the windwill by hand, was not the correct answer.
Probably not.
More dead birds
The Democratic mind at work!
I can’t stand the way those gigantic metal beasts look on land, let alone in beautiful Lake Michigan. It would be an absolute travesty to interfere with the greatest source of fresh water we have. Windmills are not installed without costs to the environment, even though these corrupt companies and politicans won’t tell you that.
There’s crude oil and natural gas under lake michigan. Really, there is. A few oil rigs in the middle of the lake would be less of an eye sore than thousands of windmills.
https://www.chicagotribune.com/columns/rex-huppke/ct-met-offshore-drilling-ban-trump-huppke-20180105-story.html (read in reader mode, for free)
A 2005 U.S. Geological Survey of the American portion of the Great Lakes found that beneath all that water there are 312 million barrels of oil and 5.2 trillion cubic feet of natural gas. Yet there’s nothing in the Interior Department’s plan to undo the current ban on oil and gas drilling in the Great Lakes.
Another delusional democratic fool
Rep. Evans seems a little eager to dip his grimy little hands into the offshore wind farm boondoggle.