-- 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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The auto manufacturers found themselves caught up in one of the greatest scams perpetuated on the public. Americans largely don’t want EVs. The manufacturers are walking back their commitments to go fully EV as their economic futures are clearly at risk. Add this to the long list of Biden fiascos. He will go down as the worst president in the history of this country, by a wide margin.
The State of Illinois charges a tax of $0.39 on each gallon of gas. How about doing something similar at each EV charging station? EV owners do want to pay their fair share…right?
That’s nice to hear. My last electric bill of $203.00 had a portion of $65.00 dedicated to various “ green taxes “ amongst others.
How about just upgrading the power grid period………ev’s suck…….more costly and bad for the environment…….read about the batteries exploding and very costly to replace and the tires wear out faster because they say the car is heavier…..plus not good for the roads……..they sound like a headache…..not good in cold weather