-- Connecting the dots between our economy, government and business --
The region’s public transit system is beset by assorted problems these days, including crime, dependability issues and a general lack of cleanliness. Now, add one more thing to that list: a staggering $730 million-a-year budget gap that could start hitting the Chicago Transit Authority, Metra and Pace beginning in 2026, according to the Regional Transportation Authority.
Summary and audio linked here.
Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Summary and audio linked here.
Illinois paid the price for embracing Fauci’s “science.” Here’s the retrospective.
Podcast link is here.
Hmm, I smell a federal transit bailout for mismanaged Dem big cities like Chicago and NY.
#EmptyPaceBus
TRANSIT DEATH SPIRAL: Sun-Times Wants Taxpayers, Drivers, To Bail Out Chicago’s Obsolete, Irrelevant, Transit Dinosaur Out Of Its Smoking Billion Dollar Budget Crater
There are two solutions, pay more taxes or leave the area.
My guess is everyone will pay more and more taxes. The drivers make more money than most private sector workers. Tough Chitt, shut up and pay your taxes.
Yep, the IL taxpayers will talk them off that fiscal cliff. That’s what we’re here for: to bail out mismanaged public IL institutions. Since we have infinitely deep pockets, there’s little incentive to manage these institutions responsibly. Of course, mismanagement includes paying your workers more than studies would indicate an appropriate wage for the job should be.
To what extent is the problem caused by unpleasant environments and crime?. If these are material problems, the system will not attract riders under any subsidy or economic scheme. Just asking the question.