-- 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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We sort of have those buses in my county. However they are zero riders as opposed to zero emissions. I will say though the whole program was approved by the good liberal voters here with slogans about “grandmother getting to the grocery store.” The thing is though grandmother either drives, goes with their children or orders home delivery.
Another wasteful program sold by a catchy slogan to the usual liberal voters. Nothing new here. Move along, move along.
Just what a broke, mismanaged, crime infested, drug-ridden, chaos breeding, piss and shit stinking transit system needs — free giveaways and goofy green pet project boondoggles.
You should propose a bill for zero emissions of human solid and liquid waste on buses.