-- 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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Metra ridership is not growing. Ridership at this employment program for political family and pals has been on a long decline for decades. The Covid shutdown proved that quite a bit of work is mobile and corporations are moving to saner locations, thus no need for an annoying commute to the wasteland that is downtown Chicago.
Note that the Marni Pyke took Chief Perez’ word for it that the uptick in crime is across all routes. I have a hunch that the uptick is larger on a couple of routes accessible to Chicago’s thug element.
#JournalismIsDead
Eight rapes and two homicides in 6 years is ‘safe’?
Those numbers sound like daily rates to me.