-- 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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Safety on CTA is a real problem, but National Guard folks aren’t likely to have the skills to deal with this. Possibly some undercover cops might help. The private “security” people I’ve seen on CTA trains are quite unhelpful.
Lemme guess; Keith Hill has voted Democratic his entire life but can’t associate a cause with an effect.
The inability to associate cause with effect is the defining feature of leftism. Otherwise they wouldn’t be leftists.