-- 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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Now it’s time? Get lost. The time was 20 years ago.
Gosh…ya think “This could have a negative impact on businesses.” What a rocket scientist. Please before you waste a few hundred thousand on hiring specific security to sit on the trains and not be in the right place to help anyway…lets rescind the SafeT act and have laws that require criminals to be in jail and not immediately released. That stops the flow. Then at the same time hire armed security/police with the endorsement of enforcement by all to make the trains safe at what ever measure is needed.
If they do not allow thieves, muggers, drug dealers, and the homeless no one would be on the train at all.
Thank God our new taxes are keeping this den of inequity on wheels running