-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
JB likely reasons that Central and Southern IL are mostly Republican and never vote for him and his lackeys. So let them live like the Amish. Meh. Disposable Deplorables.
As pointed out by the article “designated the grid for central and southern Illinois as “high risk” for not having enough electricity to meet demand on hot days in the summer and cold days in the winter over the next five years… with much of its risk stemming from power plants closing.” The trees of Pritzker’s 2021 Climate and Equitable Jobs Act are now bearing fruit as the old reliable plants are shutting down before acceptable working replacements are put online. Pritzker may have known this day would happen but had hopes of being out of Illinois running for or… Read more »
“U.S. electricity demand is forecasted to soar in the coming years, and next-generation SMRs could provide flexible, reliable power for energy-intensive sectors like industry and data centers.”
https://www.energy.gov/ne/articles/11-big-wins-nuclear-trump-administrations-first-100-days
Pretty good article. As pointed out, the Pritzker pushed CEJA is a disaster when it comes to low cost reliable energy – it was crafted to: 1) promote the cult of ‘climate change’ 2) give Comed customers a sizable rate cut. 3) Screw over conservative downstaters. When the solar panel guy came to my house to hawk Pritzkers made in China solar panels (which have been disclosed to have remote off switches in the inverter), he said my electricity comes from a large coal fired plant on the Ohio River, not from central IL. Insanity. Common sense would be to… Read more »
Well Pritzker what ya have to say now, you and your brain dead politicians in Springfield rushed to close coal fired power plants, gas peaker plants without a thought to consumers. You thought your green energy (climate change) bull crap would take over and handle demand, wrong again Springfield as usual. So glad I’m leaving this horrible state.
JB doesn’t care about downstaters stumbling around in the dark in his Climate Change Nirvana. As long as JB’s Progressive resume is polished and pure for the Pritzker for President 2028 Campaign they can go pound and bask in the glory of his abortion on demand eco green paradise.
But this is what the people wanted. They were bedazzled of Pritzker’s images of sunshine, green spaces unicorns and rainbows. There were warnings but that didn’t matter. Illinoisans rallied around Pritzker and his pie in the sky dreams and even re-elected him. Now they can pay for what they voted for with the exception of that formidable group of Pritzker voters getting welfare, LIHEAP or any of the other assorted power for free welfare types Illinois seems to attract these days. Life is so grand in Pritzker’s Illinois and if you don’t believe it, just ask the media.
RB, You are 100% correct. Germans, Spainards, Californians, etc. also got run over by the Green Dreamers IMO. 100% carbon free power generation is going to be a lot lot more expensive unless internal confinement fusion power plants are perfected in the next 10-20 years.
The Real tension they are worrying about is how much they can raise taxes and still allow people to afford food
Good thing Illinois got rid of cheap, reliable power plants in service to the Climate Clerics. Just wait until the grid chaos that happened in Spain arrives here. Will the Clerics and their devotees be pilloried and held responsible, or will their servants insist we simply live without electricity as a sacrifice to their religion?