-- 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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Oh boy, Pritzker is excited! Meanwhile there is a collective yawn from the population at large. EV demand is falling like a rock.
“This is like nirvana for somebody like me”. In case we didn’t already understand that the green movement is a religion to its adherents.
Based upon the funding and giveaways it seems like it is the government, ie taxpayers, that are “going” to build the plants in Illinois.
The EV industry must be doomed if they are coming to Illinois.
“Multiple EV companies have announced deals with Illinois this year,” this article says. Yeah, like who?
Don’t let lies get in the way of a good story.
Maybe true if you also count companies building the EV chargers. Only 1 that I found so far.
https://www.nbcchicago.com/news/local/new-electric-vehicle-charging-station-plant-builds-on-illinois-existing-ev-infrastructure/3262695/
https://www.ibjonline.com/2023/10/27/gov-pritzker-joins-evbox-to-launch-companys-new-illinois-built-dc-fast-charger/
This news as of yesterday about reopening the Belvidere Stellantis plant maybe with some type of EV cars but not sure yet. So some good news.
https://abc7chicago.com/belvidere-assembly-plant-news-uaw-strike-update-stellantis/13986746/