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Comment: We wrote about this fiasco here. The same bus maker is being relied on by the Chicago Transit Authority and is to provide buses for PACE in the Chicago area.
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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Hmm, a new take on an old Willy Nelson song — off the road again….
And SloJoe has dictated that more than half of all vehicles,sold in the US by 2030 must be EVs. SloJoe will be rotting in a worm infested casket by then and his legacy will be defended by his family and friends who will make millions.
Dementia Joe thinks his words mean something. There is zero chance that 50% of vehicles sold by 2030 will be EVs. Hopefully he’s just a bad memory by then, but at least we can poke fun at little Petey Buttigieg when it doesn’t happen. He’ll probably be on maternity leave again.
Ex, there’s no getting over Biden. Wait until Spanish replaces English….
Government doing what government does best. Wasting taxpayer money.
Is anyone actually surprised? Lets spend another $100M and see what happens…