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.
? Extend the Red Line to Where? To what end, splitting passengers with the Metra electric line. Extending south to West Pullman? Avoid demolishing homes for the infrastructure by running the trainings at street level! Remember those glorious days? Overhead wires? Driving around gates and getting T Boned by the lead car!