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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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It’s not just CTA, Metra and the Mag Mile. Nobody in their right mind will come to Chicago! It’s a suicide run!
Unfortunately for people who ride the CTA, public transit is well on the way to becoming a free fire kill zone like New York just experienced. The citizens of chiraq deserve better than what their city government is doing to provide even minimal safety while riding public transit.
Nobody in their right mind would use the CTA. Everyday reports of violent assaults throughout the transit system should scare the daylights out of anyone. CTA is/will become a money pit for taxpayers
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