-- 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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Transit is last millennium’s failed paradigm — public transit ridership has been falling since the 1970s — the answer is bigger and better streets, roads and highways — Americans don’t want to ride the bus or bike to work like some Euro-Cuck in a beret
Maybe this is what CTA needs-Subway Pushers like in Japan except there are no riders other than thugs. So Thug Pushers is more accurate.
https://www.amusingplanet.com/2016/08/subway-pushers-of-japan.html
Well, here in the States they want to push you off the platform into the oncoming train. NY Post is choc full of these types of incidents.