-- 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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She is a moron, like every government person. Whatever it the worst possible choice is that is what a government employee makes. They do not care about the taxpayer. Being stupid is the only qualification the have.
Electricity grows on trees doesn’t it?
Tier 2 housing. My Tier 1 domicile has now increased in value. Will construction permits increase with these diminished kitchens?
Electric heat is far less efficient than gas heat. Then add in the losses involved in burning natural gas to create the electricity and you’ll find that the net effect will be more consumption of natural gas than current state. None of that matters though when you a righteous on carbon.
She just reduced the interested buyer count for new buildings in Chicago by 50%. This should reduce the price of those buildings. Great work Lori, everyone, literally everyone with any experience of living in or near Chicago knows we life with gas here, and they won’t want a building without it.
The eco-fascists have a new target
I suppose this is a way to have the market decide.
Is’t the former speaker in big trouble because of wrong doing with COM-ED. Didn’t COM-ED just ask for rate hikes? Now Natural gas is bad, COM-ED is good?? Just saying
History’s full of madness; this is our time in history.
Well if nuclear power was widespread this idea would be feasible. However, Illinois will simply burn more natural gas to generate the electricity to heat buildings.
She sounds like a Com Ed shareholder.
maybe IBEW made some big donations to the lightweight campaign?
and COMED?
They always do
When your city is a global joke over crime — and your priority is goofy green grift and graft — you are a FAILED MAYOR
You think winter utility costs are expensive now? Just wait until you try to heat your house with electricity during a polar vortex!
Yes you are right but consider that many of Lightfoot voters are getting heating bill subsidence meaning to them, momma Lori is looking out for their welfare