-- 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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It is very dangerous to get on any Chitty public transportation.
Make it mandatory for all Chitty employees ride public transportation. The Mayor and all of the Alderman should have to ride it to see what it really is.
CTA HORROR: THIS F***ING ANIMAL — A CTA Customer Service Agent — Beat A 54-Year-Old Man For An Hour At The LaSalle Blue Line Station, Then Tossed Him Down Two Flights Of Stairs Like ‘Garbage,’ Prosecutors Said. The Victim, A 54-Year-Old Man Traveling With A Wheelchair, Died At The Scene – CWB Chicago
Why should government subsidizer a dead service that no one wants anymore? Propping up CTA is the government equivalent of necrophilia.
There is no fixing that which cannot be repaired. As with droughts and floods and lawlessness those who can — including employers — will out-migrate to places that function. Our large Democrat-run cities have become the new Chernobyls. Abandon hope all who remain.