-- 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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Hertz rental just sold 10,000 EVs from their fleet,of approx 30,000 EVs at a loss of $195 million. EVs are being sold due to high repair costs and lack of spare parts.
Plus they suck in cold weather and don’t go far without a charge!!
Also hard on the roads cause of their weight and it is said they are bad for the atmosphere.
Rivian execs can’t believe their good fortune. Pritzker is their sugar daddy, and he is hellbent on making them successful. Rivian will never, repeat never, be a successful manufacturer of EVs. It simply can’t be done. They can however milk the state of Illinois for billions before the game is over. At this point all we can do is hope JB continues his binge eating.
Like obummer and solendra……..same BS
Lets see Rivian lost 1.7 Billion last year, 1.45 Billion in the first 3 months and the state gives them almost a Billion. Thanks fat boy.
Carnival barkers spelunking for misery!