-- 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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Great, now the northside will look like Bangkok with thousands of motorbikes cruising around. Hopefully those electric bikes still work in the colder months of the year! Do electric bikes work well on slippery snowy icy streets? I also hear battery life is cut in half in the cold. Because streets in Chicago are like that probably 1/4 of the year. And how about when it’s below freezing, and cruising along at 35 mph into the cold wind, that won’t cause near immediate frostbite to any uncovered part of your body, right? Of course not, riding a electric motorbike during… Read more »
I’m waiting for the flying cars. I can bypass a lot of traffic and tolls to boot. Looking at the price I may try a hot air balloon but would need a politician to ride with me for lots of free hot air. So that’s out! Oh Well
https://www.beautifullife.info/automotive-design/10-real-flying-cars/