-- 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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$88K? You sell yourself short ex-Mayor Tony.
Will all the people who got fraudulent citations get their money back plus court costs. What about increased insurance costs with moving violations? These cameras cause more accidents than they prevent. Here are some older studies.
https://ww2.motorists.org/blog/red-light-cameras-increase-accidents-5-studies-that-prove-it/
See ya Tony!
Time to ban all red light and speed cameras in Illinois — they are all corrupt, crooked, predatory, regressive, revenue robbery ripoff rackets.
The only reason red light cams exist is to provide additional revenue to the cities, towns etc that use them. Safety and reduction of accidents is not a reason.