-- 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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I like the path addition idea, thats a valid function of government, it benefits all who choose to use them. But the giving away free bikes is going too far, thats just pandering, not a function of government, benefits only the chosen few.
We’re in the hell is this money going to come from, I’ve never said it before but it’s time to leave
Free bikes! Free gas! Free phones! Free cars – if/when liberated from its rightful owner-driver!
Chicago is a utopian paradise! Vote to relect Lightfoot!
Giving away bikes? I thought that was what the “Divey” program was doing!
Free bike to ride the 606 trail and get robbed, shot or raped. Free bike to ride at the lakefront to get robbed, shot or raped. Free bike to ride thru Grant Park to get robbed, shot or raped. Free bike to tour the lovely city streets to get robbed, shot, or raped. I’m in!
So the couch dwellers are going to get a free bike? What they really want is a nice recliner that has a built in massage feature and a USB port so they can wager online.
Are these bikes new with actual street value? Or are they donated by some guy whose urban bike scam didn’t pay-off? Will that guy get a charitable deduction or have his city franchise fee forgiven? Or might these be recovered (previously-stolen) bikes that are taking up space in a storage facility? Has the mayor invested in a bike-repair franchise that needs customers? Or does she hold stock in Schwinn which has a bike surplus? Or can we look forward to bike parades to assist in freeway demonstrations or urban disruption? Or is there federal climate money based on carbon reduction?… Read more »
City’s Latest Welfare Giveaway Benefits The Most Privileged Class In City Government — The Toxic Entitled Snowflake Cyclists That Ignore Red Lights 70 Pct Of The Time And Ignore Stop Signs 96 Percent Of The Time
Well, it’s not like they are short of money or anything. And with Lightfoot’s “tree equity,” I see a progressive paradise in the making.