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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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Crowded trains tend to be safer trains. More witnesses. The CTA lost 70% of the commuters but kept 100% of the vagrants.
Violent crime is up as ridership is way down. Commuters at downtown Chicago companies have expressed concerns about taking public transportation with the double threat of covid and crime. Most companies are listening and recognize crime – whether it is real or just perceived – is a major issue. They loathe returning into cramped, standing room only train cars and then be stabbed by some random homeless person at the Jackson Red Line stop. Businesses have no way to protect their employees and no ability to pressure city hall. Its only a matter of time before the suburban leases start… Read more »
If you ride Public transportation in Chicago and are not packing , you are a fool!
That’s against the law. No CCW on Chicago public transportation. The CTA is safe, ask Lori or Kimm or Tim or Toni or Dart. Just sayin’
And yet the titular head of CTA gets enormous salary, $300,000+, as reward for 2021 performance, despite steep CTA ridership drop, despite true safety concerns for remaining CTA riders compelled to remain CTA customers, despite filthy and decrepit CTA equipment and stations. Hmm, banana republic conditions here.
Wow CBS, thanks for the info! Whoooda Guessed!
Leave chicago folks- its not going to change dems only want your money! they do not care about your safety!!!!
The elite class doesn’t use CTA, so its a non-problem.
Where is Bernard Goetz when you need him?
There are thousands ready to step up.
Crime for everyone! It’s the new Democrat motto.