-- Connecting the dots between our economy, government and business --
Peoples Gas, North Shore Gas, Ameren Illinois and Nicor Gas are all seeking rate increases.
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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Our gas and electric utilities here in SC are cooperatives, meaning instead of profits going to investors and shareholders, they get returned to users in the form of rebates. Even if rates increase, profits go to the users, not the utilities and their cohorts, like politicians.
Everybody has their friggin hand in our pockets. Disgraceful.
Get ready to pay and pay and pay more for everything in Illinois.
Taxes, cost of living and most everything you need to live with.
Such is life in a liberal state.