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.
Gosh, ya think there was a consequence to all those years of using the Road Fund to pay for State Patrol overtime wages, and state employee and retiree medical bills, instead of roads-n-bridges?
Good thing that raising the motor-fuel tax and licensing fees fixed all that……
OBAMA stated that the infrastructue and all that jobs were shovel ready–but he did not get going on them.This is typical — DEMS do not know how to do anything.
Does anyone seriously believe that the problem with Illinois roads is some technical deficiency in surfacing materials and techniques? Or that Illinois’s increased cost per mile of comparable road built or resurfaced, when compared to other states, is due to Illinois using higher grades of materials and enforcing stronger building codes?
And don’t forget UNION costs
it is my personal belief that the roads are engineered to only last so long. This means more opportunity for bribes and payoffs to unions.