-- 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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Why not just impound and forfeit the vehicles of reckless drivers? Illinois and Chicago have great public transportation…plus they invested tens of millions in bike lanes for these people.
How are they propose to monitor this? IL strength.cant even keep track of accused criminals with ankle monitors. Probably to create more a jobs to buy votes.
Another stupid brain dead democrap idea. Vehicles moving significantly slower than other traffic, for example 55 limit when all other traffic is doing 70, are a real hazard as cars back up and seek a way around the slow poke. Try doing 60 on I88 and see what patterns emerge.
There is already a device called the accelerator peddle. I find it works well. How about a shock collar instead if they need drivers retraining.