-- 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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The good news is that Chicago traffic deaths are down 14% since 2017 while nationally traffic deaths are up 5%. Chicago is trending in the right direction on this statistic.
My husband’s grandfather died after being hit by a car in Chicago.
It really is not a good place to live.
“The city this year rejected a proposal to lower the speed limit from 30 mph to 25 mph. Speed is the biggest factor in whether a crash is deadly.” And they say speed cameras are prejudicial because more tickets are issued to minorities for speeding?