-- 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 decent people will ride public transportation any longer.
The CTA is a cesspool.
And they want additional funding to serve the public.
This is a big joke; the Chitty is out of control.
I’ve taken to smoking cigarettes on the brown line again. The worst that can happen is a ticket. And no one pays them. No one dare questions me either about smoking. Everyone is too scared of me!
Drug use, alcoholism, harassment, urination and defecation…eh! But SMOKING, THAT IS UNHEALTHY! Cease and desist immediately!
Got to pass liver pâté’ rules, limit the sale of soda, now that’s dealing with problems
Bums & homeless people on the train aren’t paying their fines for smoking. Who would have guessed?