-- 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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The state and utility company subsidies for green energy (wind, solar, etc.) also factor into the overall utility costs.
Your utilities will be cheaper if you install solar panels on your roof.
Your meter will go backwards, and you’ll make money.
Farmers get breaks to install solar panels on some of the worlds most fertile farmland (much of Illinois is blessed with thick black dirt).
Breaks for wind turbines.
etc.