-- 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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Bike and bus lanes in the Loop are hopelessly mis-designed — they make dropping off/picking up passengers or packages a nightmare. These tickets are just the latest predatory ticket racket.
Another reason to make Chicago even more unlivable, if you can’t throw on your flashers for 60 seconds in a bike lane to run and errand or drop off passengers. TAKE THE BUS PEOPLE!
Hmm, who would have thought that bike lanes could become a revenue source?
Check back in a year: Minorities will be disproportionately ticketed.