-- 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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Hmmmmm….wealthy white areas can buy safety, white riders on the CTA must be protected! Lori? Yoos got some mansplaining to do. Sounds like explicit racism! Wow!!
Lol, Bad Behavior. A Democratic euphemism for Murder, Redrum!
Monterrey Security, politically connected security firm, gets large amounts of cash from taxpayers to travel the scenic subways and els and do nothing.
CTA CRIMETHUGS ARE USING BUSES/TRAINS AS THEIR HUNTING GROUND: CTA’s Unarmed Guards Are Useless Against CTA Crime-Thugs — Violent Crime Is Accelerating The Death Spiral Of Public Transit – New York Times; Chicago Police Investigating 2 More Violent CTA Crime-Thug Robberies, Including Savage Beating Of Will Clinger — Host Of PBS ‘Wild Chicago’ And Wild Travels TV Shows – Chicago Tribune