-- 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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Forgot one thing- Contact Nicor via email on your bill and let them know you do not approve of the rate hike since the other companies are cheaper per therm. The more that complain the better.
Bastards
Have you ever looked at your utility bill and noticed all the taxes and fees applied to your bill. Those items would be a good place to investigate for those upset with high utility bills.
$9.28 a month? But falling gas prices, in the middle of two wars, is going to offset the increase? Who believes this nonsense?
Nicor gas prices are already higher than Peoples and North Shore Gas by 30-50% or more. They have been higher for a few years now. There is no competition. I emailed them to complain but they just sent me a generic reply about they get gas at market prices so I replied back they should buy the gas from North Shore which was 50% less. No reply.