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.
The very much resistible CTA needed to right-size in 2020-2021 through the pandemic hysteria, for sure, something that Brandon McFadden would certainly not approve. Nevertheless, this unwillingness to face reality has brought the current calamity of the fiscal cliff upon the CTA. It certainly takes time to train operators of heavy machinery like trains and buses, and there may be a shortage of people willing to sign up for the training necessary. That isn’t the reason why the CTA is lagging in ridership. The actions and inactions of politicians for the past 20 years have gutted Chicago’s Loop of many… Read more »
Let the three branches stand on their own.
If they cannot, then shut them down.
We are tired of politicians putting their
Rat paws into our wallets to support a losing
Operation. Dorval could not run a one car
Funeral.