-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Did Larry and Buttplug have a dick-measuring contest?
Can you imagine that discussion? I wouldn’t trust either one with a shovel, they wouldn’t know which end to hold. Transportation inequity is the root cause of mass shootings! Pete just nods! Huh? WTF is she talking about?
How did that equity work out for the divvy bikes around the city?
You know, the city set up divvy bikes in underserved areas and the residents stole the bikes instead of paying for them? And they gave every excuse the world – “oh they don’t know how to ride bikes” or “there aren’t enough bike lanes” or “biking is considered racist” and “they don’t have access to a bank card to reserve the bike” and so on, and so on. Ride the Bike, Bigot!
Illinois teachers union and Illinois politicians—and US national politicians….how about making education in Illinois more equitable, where only a small percentage of poor kids perform at grade level–despite teacher compensation and student funding among the highest in the nation?…maybe less focus on manipulating Illinois politicians for self gain, and more introspection and integrity?
Chech out the book ” facing reality “
The Transportation Secretary should be working on one thing only right now – supply chain issues. That’s the most important thing Pete! Go park your electric car somewhere and get to work. This is what happens when you select your administration based on the boxes people check on the form. If Bicycle Joe had selected his team based on their skills, we would be in a much better place right now.
The Biden cabinet was based on the Admiral Theatre paradigm. The more disgusting, the better the ticket sales.