-- 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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I wonder if Philly has three separate branches of an entity that is basically intended to move people. I wonder if they have ( or had ) a Dorval Carter type pulling down 375K a year to head a dysfunctional, money hemorrhaging system ridden with criminals and servicing people with filthy, unsafe vehicles.
With Chicago RTA ridership hovering near 50% down from its peak numbers achieved nearly two decades ago, the sob stories keep coming from the useless Chicago media.
How about RTA start being fiscally responsible before they get another dime? Cut out the waste in its administration, and stop spending money that they don’t have. Get political hires out of the RTA.
That’s basically all hires at the RTA.
Public transportation is much too dangerous to ride anyways for the average person. Only the big tough guys can take it anymore. Women and children do not feel safe on it.
This is just another attempt to let the
idiots east of us dip there hands into our pockets
to wet their beaks a little. For the rest of Illinois
It continues to bleed us while Chicago celebrates
stealing from the rest of us.
If you can’t afford it “ Shut it down!”.
Idiots