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"Much has been reported recently about the airlines’ financial concerns around this project. Certainly, the responsible use of funds must always be a top priority...We cannot afford to be timid about investing in infrastructure and maintaining our status as a global transportation hub."
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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Sorry Alderman, but until we find away for airplanes to fly on bean curds, we have to stop flying around, so airport expansion is meaningless. Fossil fuels will be the death of us all! Greta Thunberg and pals are working on a new manifesto by which we must all subscribe. John Kerry, Al Gore and Mayor Pete agree this is the new way forward!