-- 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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Heaven help us……vote these imbeciles out before these policies do us all in!!
What kind of Stupid is this proposal? The only way gas utilities get to zero is to close up shop and go home while their customer freeze and go broke. Have these morons done any simple arithmetic? 1 Therm of gas is equal to 29 KWH of electricity. One therm of gas cost me 34 cents in April ’24. 29KWH of comed’s juice, same month, cost $1.85, or almost 5X. Both numbers are for the joules only, All the taxes, fees, taxes on taxes, and other BS that gets larded on, especially for electricity, are not included. Heat pumps my… Read more »
Perhaps your comments should be forwarded to all of the ignorant legislators who govern from emotion rather than logic. That’s the majority. What qualifications are required to govern? The ability to garner favor with a political party, then get more votes than the opposition. No experience, no education, no testing … just get voted in. Brandon Johnson is the poster child for unqualified politicians – what a inept individual. In his own words he is: “… a black man married to a black woman raising three black children on the west side of Chicago.” Those words will forever define Mr.… Read more »
All the above is true , also each home had better have a 400amp main service to supply all the electrical goodies and don’t forget
The EV fast charger in the garage.
It won’t work the grid cannot supply the additional loads.