-- 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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“(Don’t) assume power that you do not have…”
How about don’t spend money you don’t have?
Political animals make lousy managers. At a time when drastic service realignments to match actual demand for transit are required (meaning service cuts), a political animal would not be able to do what is necessary if the correct course of action upsets their political patrons.
Political animal Moore’s threatening and insulting comments are completely out of line.
Hilarious! Don’t be a backbiting snake to the backbiting snake! Pedro Martinez must be getting a good laugh at this. And many others.
The CTA issues, as good old Harold would express, “ the situation is hubris “.