-- 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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When you live in a failing city, why would you expect the trains to be on time?
The way things function in the Third World should be your new expectation for everything. Get used to it, especially since you voted for it.
I’d vote for Mussolini if he were on the ballot, fascist or not.
No one is going downtown by CTA to work yet bus and train yet the schedules remain the same.
City officials call for a hearing? Hmmm….CTA, a government agency, will be investigated by a government agency; results will be held secret for 50 years.
Even After Billions Of Biden Bailout Bucks, CTA Is Still Failing