-- 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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No matter how much money is thrown at the bloated, multi- layered public transit system, people aren’t going to use filthy vehicles chock full of the underserved looking to take whatever they want from riders, homeless using trains and buses as their living quarters and mentally ill people picking fights and groping women.
Chicago wants 24hour service then
Chicago pays for 24hour service for
the mugger movers. Not the entire
state run by “ Two Face Toliet Bowl
King”.
Well that’s the first proposal I’ve heard of to cut crime on the CTA.
Oh well I guess the drug trains and buses won’t be a running