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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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Ask anyone that works in the city what’s the worst part of their job and they’ll say the commute. Metra bears a large part of that blame. Their trains are late, constantly breaking down, switch problems and horrible communication. And when they have a train that breaks down or a switch problem it happens days in a row, they can’t even fix things properly. Communication department must be manned by a bunch of Madigan appointees. Oh and let’s not forget that Cook County recently changed the fare structure for people commuting from the south suburbs. One of my co-workers who… Read more »
Also, the trains were really crowded and the express trains weren’t all that express – good luck getting an express train from a local stop. And the train stations are located in the west loop, which is a cold four block walk from LaSalle street, and a bus ride away from any office towers in the north loop or streeterville. I live 18 miles from the loop in a straight line but it takes me over an hour door to door. Which is still better than the 90 minute commute on 290 but still. It’s awful.
Not seeing it up north. maybe 10 cars in metra lot…. BS
People return to work and ridership increases! Who could predict this? Are they asking for more funding?
An “increase” of ridership to 25 percent of 2019 figures is still a HUGE loss of 75 percent of ridership. It’s not coming back. Being in LLs chicago is unsafe by whatever means used to get there. No amount of cheer leading by the corrupt media can change that fact. The people who have previously commuted know that chicago is an unsafe destination and the commute is unnecessary.
I posted on another thread at another site that banks and other “major” employers are pushing people to commute back to offices downtown in Chicago, NYC, and other cities.
I asked just how eager are people to take the CTA or Metra into the Loop to risk getting shot at?
My wife’s office requires everyone to come in one day a week, for now, and last week, everyone who was supposed to come in on Wednesday just blew it off. And there was nothing that management could do about it.
Yet
There’s always methods to bllsht your way out of a day. Conspire with your coworkers so somebody shows up once in a while. It’s easy to turn one day a week into once a month.
Not gonna happen. The Palos Heights and Palos Park Metra Car Parks remain EMPTY.
More media propaganda to keep Freddie and his Official Government Workers Party afloat.
I have a good friend in a very important position at a fortune 500 corporation downtown. She has said will quit if the company tries to force her to come back to the office.
Sure, and nearlycall Americans generally are free to do likewise. But, all decisions have consequences. The cavalier among us are not exempt.