-- 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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The closer that solar farms are located to the equator the more electricity they will generate, this is why south Texas has more than 50% of the US solar farms. Illinois is too far north to be economical. Just kill all solar in Illinois.
An unhappy Dick Durbin equates to many happy Illinois residents. Read the room Dick.
Good. Need a more reliable source of electricity.
“Durbin said on social media that the Trump Administration’s “unconstitutional” funding freeze continues to deny states billions of dollars in obligated funds.” Sure DICK, we should believe anything you say after so many lies and your brilliant advice on the Electric School Buses.
Somewhere in the very distant future I can see Dickie calling it a day. Because even Dickie can still read and comprehend the writing on the wall.
Great!
100 Million of wasteful spending saved!