-- 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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All the more reason to halt the Manteno battery plant project and subsidies.
In the next press conference someone should ask if JB drives an EV. Do any of his security drive one when he travels to Wisconsin or around Illinois?
Can you picture JB waiting foir a few hours to charge his vehicle?
EV’s are the vehicles of the future as long as the government handouts continue.
Rivian is unsustainable. Someone should ask JB about it at his next press conference.