-- 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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So the EVs will be purchased from an approved vendor (kickback to somebody), EV charging stations, lots of them will be provided by the low bid approved vendor (more kickbacks), maintenance contracts for the EVs and charging stations will be awarded to an approved vendor ( more kickbacks) and there you have it. After a period of time the entire debacle will fail as the EV police vehicles, ambulances, fire fighting equipment, work trucks etc cannot do the job and spend 85% of the time on a charger and the politicians who thought this up will shrug and say it’s… Read more »
Pritzker fishing for a federal grant…otherwise a tax hike will foot the bill.
Sen. Ventura from Joliet? That’s where the world’s largest electric school bus factory was built? I belive Lion Electric US has finally assembled their first bus (from parts sent down from Canada?) Let’s not even talk about Rivian Electric Vehicles (I really thought they’d make it). The Governor put them in the empty Bloomington-Normal Mitsubishi plant but like all the other Electric Vehicle companies, they were priced out of the normal automotive market by huge increases in the price of Lithium and other necessary EV materials. If the citizens can’t afford the EV’sfor themselves, the State will just buy them… Read more »
Police, fire and any 24-hour response departments would have to purchase additional vehicles. Why? Because now vehicles are handed over from shift to shift; with vehicles requiring hours to charge, that hand-off model won’t work. Chicago would have to essentially double their fleet and each precinct would have to have multiple charging stations for need a charger for every squad car not in use. Can Chicago afford that? Have any of our esteemed legislators thought about that and how it will be funded? And how many of our esteemed legislators, including our esteemed governor, presently own personally-purchased EVs? Inquiring minds… Read more »
And, what happens when the fire engine stops pumping water on the fire because the battery went dead…?
Will they be adding electrical outlets to the fire hydrants, so instead of just running hose, they will also run an extension cord…???
Virtue signaling at its worst…
Zero emissions from the politicians mouths would be a better measure. Every time one of them speaks more taxes are needed and eventually raised.
Chasing for “fools gold”…
I’m betting the “exemptions” will benefit the (D)’s…
Can’t wait till this program fails in true Hindenburg fashion