-- 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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Here’s an article on repair data on EV’s vs gas.
https://www.yahoo.com/finance/news/evs-are-giving-new-owners-more-headaches-and-tesla-is-a-big-reason-why-jd-power-study-180922855.html
Maybe JB will get hit by a diesel truck going 75mph
And hopefully JP will be gone long before that……please ILL get your brains back
Just what is “a state quasi-judicial body” and what, if any, legislative powers do they possess?
And California also hit the wall of pragmatic necessity and scaled back their goals and pushed back their deadlines. Is that going to be part of the Illinois proposal as well?
If they’re that concerned about air quality they should just hold your breath in protest. Meanwhile I’ll be driving my gas guzzler in defiance.