-- 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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I rode the CTA red line for years when I was commuting. Everyday, I’d see the same criminals working the trains, looking for victims, causing trouble. I saw a few get arrested and walked off the train in handcuffs. They’d be back the next day.
I suggest that tome by Bernie Goetz — “NYC Guide for Straphangers!”
Democrats attacking Democrats.
Arguing drivers and riders, people pleasuring themselves, the slight smell of urine, fear that making eye contact with someone may land you in the hospital or at least get you robbed, a general lack of civility- I just can’t imagine why people are eschewing public transportation whenever possible. Nope, I just don’t get it.