-- 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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Pre-pandemic-ridership was 4 now back to 4. At 5 everyone gets a raise and early retirement.
This is more statistical sleight of hand from our complicit, utterly worthless Chicago Media. Right along with the CPS enrollment, the CTA has been on a long decline in ridership. People are not only fleeing the CTA, they are fleeing Chicago and Illinois in general. Worse yet is the headline of ‘record ridership’ that the children at outlets like WGN News have been regurgitating. It’s a record only since the unprecedented low ridership of 2020 at the height of the pandemic scares. In journalistic malpractice, this is only outranked by the media allowing climate clerics to present increasing temperatures by… Read more »
Hard to believe… Drove by a train along the Ike… 8 cars – maybe 25 people on it? Crazy…
Chicago Transit Riders Have Abandoned The System — Which Is Now A Crime Infested, Drug-Ridden, Chaos Breeding, Piss And Shit Stinking Disaster — But CTA Is Gaslighting Over Its Ridership Collapse – CBS 2 Chicago