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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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This article is laughable, using unverifiable metrics to argue for expansion of an incredibly costly and inefficient public entity that is fiscally unsustainable without massive infusion of public funds. How exactly do they determine the race of riders? Sorry Kirk, we rate your claims as entirely BS.
It’s an investment.
Like all guvmnt projects that need more money from taxpayers.
Respectfully disagree. I don’t think there is any question that mass transit is relied on more heavily by lower income groups, who are more often minorities. Yes, Dillard stooped to use the the left’s petty language like “LatinX” and “equity,” but I think his central point is true.
That’s fair Mark. I do believe that when incorporating the train lines into the city as part of the total, the numbers narrow considerably. I road the trains for decades and have no idea how they counted me or the thousands of others.
There’s zero chance that Kirk Dillard actually believes what he says in public, but he says stuff like this because he loves his multiple government pensions more than he loves the truth.