-- 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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IN MY WILDEST DREAMS I COULD NOT WASTE MONEY THIS FAST……..THESE PEOPLE ARE IDIOTS!!!!!
Currently EV makes no sense for this in the Midwest. But, I am sure those connected and are pushing this stupidity are invested in the companies building this junk. Pelosi proved that when they mentioned on Fox that her husband beat the S&P by 80%. Gosh – how does that happen? Buiding these F-ing busses should be the last thing done. They first need to build the power source and grid to be able to power and charge this junk. I wonder if any of the $50M goes toward Tax payer infrastructure…hmmm, likely not.
Let’s see.. 50M to hire at most 1230 employees and three years to do so while cranking out vehicles already proven to be pretty useless in real winter weather. The Dems better hope for “ global warming “ or their brainstorm of everything EV will only be so much taxpayer funded scrap from December through March.
How much money indirectly via a trust or even someone politically connected are invested in these ventures? Lots of money will be made by only a few. Taxpayers seem to have unlimited funds for the state to invest.