-- 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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The CTA needs a doge to clear out all the scum who got the jobs thru politicians.
Spot on. The rich job creators are fleeing in record numbers.
With regard to supposed transportation/ CTA “fiscal cliff”, why is it that’s its only Vallas, IPI , WP that are the only one’s willing to tell the truth: The CTA’s budget has grown by 40% since 2019, despite only recovering 68% of pre-pandemic ridership. And: When Johnson blames the wealthy for CTA’s woes, he conveniently ignores the $2.2 billion in one-time COVID aid the agency received and squandered while still hiking its budget by 40%. What, exactly, did “the rich” have to do with that? I sound like a broken record. The reality is, there no transportation “fiscal cliff”. All… Read more »