-- 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 media is trying to keep the EV dream alive, but the business news sources have no choice but to report the dismal results. The majority of the greenies have bought their shiny virtue signaling car, and the rest of the world is saying “no thanks!”. Better to invest in Kleenex now as the tears of Mayor Pete, Longface John Kerry, Pritzker and the rest of the green gang will be flowing like rivers. As for the EV school buses, let’s all hope they don’t turn into a rolling fireball as they’re transporting children back and forth. Such stupidity.
And still nary a peep re the Wilmington school bus barn fire.
Just because this moron has PhD after his name, doesn’t mean he has any common sense. For his focus to be on “the charging stations” in this matter is just stupid. There are so many more questions than answers at this point. This tool is making a leap of hope into the unknown with our tax dollars – for no benefit. How do school boards stand this sort of stupidity – amazing.
These buses will fail in January when it is cold out and students can’t get to school, stranded at bus stops in the cold.
In the meantime this is what Volvo is doing pertaining to EV’s.
https://www.yahoo.com/news/volvo-gives-plan-sell-only-022521090.html
$200K more expensive than a gas bus. $200K buys a lot of fuel.No range issues. In a couple of years or less the E buses will be dumped for gas buses. Wasting tax dollars is what idiots in charge do.
From the very schools who cry “Poor”, take inflated raises and benefits and then try to pass Million Dollar Referendums every couple of years for building maintenance that they have neglected.