-- 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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Ok, so the Climate Clerics got their way. Jack Darin is a happy little maniac now that the NRG plant in Will County, responsible for 510MW of power to the surrounding community, will be replaced by 72 MW of batteries. Seems legit. Everywhere in the world the Climate Clerics have gotten their way, the result has been brownouts and blackouts, accompanied by calls to turn off the A/C in a heat wave or the heat in Winter. In the EU and in Britain, the brownouts are increasing every day. I wonder if there is a readily available technology that could… Read more »
Sure … and I have some oceanfront property to sell in Arizona.
There’s no master plan here, just a bunch of climate crazies that are going to wreck our power grid.
I’m installing a backup generator – IL is going down a very hazardous energy path.