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“We saw the smokestacks and steel mills go down and yet those communities aren’t given the jobs that they deserve and that they need,” state Sen. Robert Peters said. “This is an opportunity for us to re-engage an industrial revolution that is built on a dream."
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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first hard lake freeze will crush these eco-boondoggles
There will be hundreds of dead birds littering the ice below the windmills, it will be a PR disaster if anyone could get pictures of it.
Look at any of the big wind farms in the Midwest. They are horrible eyesores and destroy the vista wherever they can be seen. And on top of that they are totally unreliable sources of power. So we should put them in Lake Michigan? Vomit.
“This is an opportunity for us to re-engage an industrial revolution that is built on a dream.” What a crock. Should be corrected to “….built on a complete failure to understand the laws of physics.” Windmills work at best 45% of the time. Solar panels work at best 40% of the time. Nuclear is the only solution but these greenies are too dumb to understand anything technically more complex than an iphone charger plug.
No
What an unholy thing to do to our lakefront.
Ranks right up there with the Obama edifice.
Burnham is rolling over in his grave.