-- 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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CTA is a total waste of taxpayer money.
Dufus Carter is the last person who should
Be in charge. He is part of brandon fiefdom
“ first we get the money “, the transit system is total robbery both from taxes
And thugs stealing from riders.
Is you cannot afford it, Shut It Down.
Until you get employees back into the downtown core area and crack down on crime on CTA conveyances yoou will have trouble increasing the number of paying riders.