-- 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 don’t suppose those politicians want to donate their salaries to the USPS to help cover their debts?
If they want to be independent , let them fund themselves. No more handouts from the federal government.
Photo- Looks like these people do not walk delivering the mail or ever have..
Looks like a Nazi salute to me, shown from fellow Elgin HS alumnus!
A relative in WA state shipped me a package to the western suburbs 15 days ago. The package is still not here and the routing took it from eastern WA to Seattle, to Chicago, to San Jose, to Chicago, to Streamwood and apparently it is “out for delivery” now – but who really knows. The service is not good and the demand for the service is of course way down. It is over staffed and over funded. Change is needed. It is funny that the Pin Head Mayor gets involved in this…another reason for him to yell into a mic… Read more »
What does Brandon Johnson know about running a multi billion dollar company with 600,000 employees (much less a city). The USPS doesn’t even set its own rates, the politically appointed US Postal Commission sets rates. The USPS is still needed but it needs severe modernizing of its purpose and scope.
A simple raising of the rates to cover costs would be just fine.
It might put some junk mailers out of business. It would also cost so much that the IRS might even be forced to enter the 1990’s and put tax prep exclusively online, and NOT through the crooks of Intuit’s software.
Mayor “ Dope “ finds another group that he can relate to- overpaid, underperforming hangers on waiting for that sweet, sweet pension at the taxpayers expense. The USPS is about as relevant now as a phone booth or video store.
But those are “his people!”
To start off the week I once again have to contact the local post office about missing mail. It has gotten so bad I have to cancel subscriptions to print media I have subscribed to and revert to the usual calls regarding normal monthly bills that I have not received. Considering all of this I have little empathy for the postal workers any longer.
Go into a local post office to ship packages or priority mail a snail move’s faster one person handling everything, and sorry to say so rude no matter what. I have a mailbox curbside and constantly get the wrong mail.
So here’s an update for today, I receive informed mail from USPS at 1141am via email it showed my mail delivered 2 pieces, went out to mailbox by street and lo and behold no MAIL. Left for 2 hours and who was at my mailbox delivering my mail, the mailman and they wonder why.