-- 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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Given the insane level of violence on the CTA, is it a good idea to encourage unaccompanied children to use it?
Having these little darlings walk to school like I did would be a start with the increase in diabetes, heart disease and obesity that kids,l have now.
I had to walk 2 miles to get to school, uphill both ways!
Back in the day we found our way to school without school buses. We bought a student pass and used the bus/rail system.
Why not take the money pays for school buses and purchase transit passes – probably save a bundle AND be better for the environment.
Bankrupt Chicago Public School System Wants Bankrupt CTA To Give Free Rides To Students
Just call it “synergy”_ lol…