-- 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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I asked the Joliet port district we’re in the hell did they come up with the 100,000 flight figure yearly at Lewis airport, no response, this is all bull and with Chicagoland speedway gone which did accommodate Lewis during racing season added maybe 50 flights. 100,000 flights a year, 100,000 divided by 365 = 274 flights daily hardly not, maybe 10 flights at most I live 1 mile from the airport, somebody as usual in Illinois defrauded the taxpayers and the mayor of Romeoville tisk tisk Amazon cargo flights come to your mind you snake in the grass. And as… Read more »
Many a year ago my father, and later I flew airplanes out of Lewis University Airport. The claim of 100,000 flights might come from numbers submitted in 2005: “For 12-month period ending 31 December 2005, the airport had 104,000 aircraft operations, an average of 284 per day: 96% general aviation (100,000) and 4% air taxi (4,000). There are 203 aircraft based at this airport: 84% single engine (171), 10% multi engine (21), 4% jet aircraft (9) and 1% helicopters (2).” Even if those numbers were true for 2005, most of the numbers are probably student pilots at Lewis doing training… Read more »