-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Bike lanes are one of the most idiotic ideas ever, especially in places that get this stuff called snow, below zero temps, ice etc.
Its even more idiotic to have bike lanes on busy streets sharing the roads with heavy vehicles traveling 30 mph. It’s only a matter of time before biker riders are injured or killed. Look around the city at the ghost bikes (the white bikes) around the city where cyclists have been killed or severely injured. Everytime you bike on a busy street you’re playing with your life. Biking is super dangerous in Chicago and it’s a travesty that various administrations keep pushing it. The best way to bike is either on the lakeshore bike path, or, side streets, with far… Read more »