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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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more equitable access to the McDonalds on State and Chicago Ave!
Keep in mind it’s that straight line of a light rail line, the Howard-Dan Ryan (aka Red Line) that takes residents from both north and south of downtown to that McDoalds, because that Mickey D’s is right off the red down, just north of downtown. On the flipside, trying getting from the 95th St red line station to….say…SuperDawg on Elston on the NW side. Good luck taking the red line downtown, switching stations to the blue line, taking the blue line to jefferson park, to the milwaukee bus, and it’s 75 minutes on a good day assuming you make every… Read more »
one of the reasons that chicago is so segregated, that isn’t much discussed (because journalists and policy makers prefer to blame structural white racism instead) is the light rail system, for all practical purposes, is designed to shuttle commuters downtown, or through downtown, to get anywhere. To go from one side of Chicago to the other side of Madison (or Western) requires a long and time consuming trip through downtown. No other major city has such a poorly designed metro that only takes commuters downtown. In most subways, downtown is just one of many stops on the line, not the… Read more »