-- 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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Driving Remains The Preferred Mode Of Transportation In Chicagoland — Metra Ridership In 2024 — Long After The Pandemic Ended — Is Projected (At Best) To Be Half Of What It Was Before The Pandemic – Chicago Daily Herald
WFH is here to stay.
Like any biz Metra, CTA, etc. need to right-size their work force.
The Dems closed the economy down for covid but it never occurred to them that end result would be a “right sizing” opportunity of public employee union jobs. The needed right sizing hasn’t happened yet and may never happen as long as Dems get donations from their feather bedded minions. There should be brought forth a proposal anyday to allow illegals to ride public transportation for free to keep up appearances as well as ridership. Wow, could I be a progressive?