-- Connecting the dots between our economy, government and business --
“The good news is that our ridership is growing,” President Dorval Carter said. “The reality is that we’re going to have to continue working hard to keep that number moving forward.”
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
It could be true if every train car and bus would have a Bernard Goetz/Charles Bronson/Rambo or Snake Plissken in them.
You know, that’s just what my wife hears from her Chicago based employees when they talk about their commutes to the downtown office.
They feel so much safer on the (grubby, dirty, creaky) CTA trains now, and they never worry about one being late, or breaking down. Or having to watch something really nasty or upsetting on the way to or from work.
Well, maybe not……
CTA Is Gas-Lighting Again — To Cover Up The Reality That CTA Riders Have Abandoned The System — Which Is Now A Crime Infested, Drug-Ridden, Chaos Breeding, Piss And Shit Stinking Disaster