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.
Ride sharing destroyed a stable taxi market; and now with high gas prices, ride sharing is destroying itself. Public transit is violent and dangerous, and both used and new cars are so expensive due to shortages. The streets have become too dangerous to even walk.
The best place to live now is the Metaverse! I can’t wait!