-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Let’s face it. Let them keep the money. It will just be misspent or put in some dem donors pocket anyway
The red line extension losing the funding is good. Mass transit is a money pit that only benefits the army of overpaid bureaucrats, consultants and attorneys on the payroll. Sure some serfs get cheap rides but even they are abandoning the system as a thirty per cent decrease in ridership indicates. I fully expect to hear Jabba the Gov. whining about all the lost jobs because of DJT.
If this derails the CTA’s ill-advised Red Line extension boondoggle, it could up saving CTA billions that could be better spent elsewhere.
If Putzger continues with his ravings on the Pres.
then I believe we should look into the massive
funds for O’Hare, put a real hurting on the
” Toilet Bowl King”