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.
I live south. This airport has great potential for intermodal freight, if we had the Illini. But for passenger flights it sucks, nobody will use it, no roads no trains, no commuter rail. Why on earth would someone depart or arrive there if they have Midway? I still wouldn’t and I’m halfway between. Intermodal transport, distribution and warehousing and logistics are Illinois future simply because of its geography. This project fits for that, but little else.