-- 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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Pissing away money that Illinois simply doesn’t have in order to virtue signal. Lovely. The climate won’t even notice.
JB the Hutt thinks that everyone is a trust fund baby, just like he is.
#ClimateScam
It’s not just virtue signal but are for headlines for Pritzker’s future desires for higher office acting out the Democrat party mantra of EVs using other peoples, Illinois taxpayers, money. While it seems, based upon Ford’s slashing EV production for example, that the public is not enthusiastic about the switch to EVs. However the Democrats are rock solid about the so called “clean energy” and despite being unable to scientifically justify the need the media none the less, as always, follows the progressives pattern cheering for the likes of Pritzker et al. Another headline for Pritzker and by the way… Read more »
Another downside to EV’s – Weight of the vehicles wearing out tires.
https://www.yahoo.com/news/electric-vehicles-great-mileage-pricey-141209778.html
IL will experience a lot of pain when the green energy industry collapses in several years.
Pritzker’s announcements yield a collective yawn. No one believes the promises and nobody cares about these companies. He is increasingly a laughingstock, and it’s got to be killing the big guy.