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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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They should just give out bolt cutters and all bikes become FREE.
All bicycles were made in USA using only union labor? Hard to know because the journolistas at Block Club didn’t mention the manufacturer. Luckily, Streetsblog asked: CDOT provided the following info to Streetsblog about what kind of bikes will be given away: “The bikes are the Fyxation Pixel in various sizes and colors, both the step-through and the standard model, the State Azure and the State Ellison, both in the single-speed version. The city has not committed to using the same model bikes each year. The brand and model of bikes procured will likely depend on vendor pricing and the quantities available.” While… Read more »
Certain citizens already got thousands of free bikes
Are Chicagoans capable of any task without Big Government handouts and handholding?
Watch Craig’s List for some great deals on bikes in Chicago.
Once upon a time I saved up my Detroit paper route money to buy a new bike in the 70s. Where can I get some help?
And the demoncrats response to you, “SUCKER”
Today is a great day to bike. It’s -5 degrees with a windchill of -30! Go henceforth and cycle!
Another reason why huge amounts of tax dollars are wasted on bike lanes