-- 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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But Illinois has abundant supplies of cheap coal…
God Blessed the people of Illinois with the finest farm ground in the world, an abundance of fresh water, and some of the largest coal reserves close to the surface. What is wrong? Chicago Democrats.
We also have oil under Lake Michigan and at the southern end of the state.
But our legislature thought it would be a good idea to use solar power in a state with long winter and wind power in a state with an extreme climate.
But it’s better to have ideology control our energy policy instead of raw resources actually within our borders.
Thank you, Joe Biden!
Thank you, Governor Pritzker!
I’m getting a gas-powered back up generator – don’t know if I can count on Illinois’ grid.
So, will it cost more to recharge an electric vehicle ?
Crain’s ignores the Green Energy Debacle recently passed by our legislature that will result in wide spread blackouts, exorbitant energy prices, and more corruption and set asides among cronies in ComEd.
The voters do a pretty good job of ignoring the issue as well.
I’d prepare for more than an electric price shock, expect sustained outages during times of high demand and low wind. In the winter solar is worthless as there is no solar production during the morning and evening peaks.
What happened in Texas is coming to Illinois, and it get’s even colder in Illinois than Texas. Imagine no electricity for a week when lows are like -15 and highs 10 degrees.