-- 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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Gotten out of control? You been on vacation for 10 years!
A few dozen Bernie Goetz moments on the CTA would stop this.
Richard Marks wrote a song about riding the CTA! Shoulda Known Better!
Between
— work from home shift
— piss/shit reeking, crime and drug infested trains and buses
in 10 year, you will only see a CTA bus/train behind a velvet rope in a museum
Perception is everything. Why risk being a CTA victim when the reaction is gonna be you should’ve known better.