-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
More tolls (or taxes) means more control. They can lower tolls for electric cars, cars with multiple occupants, cars with Democrat bumper stickers, cars driving during off-peak hours, or however they want to force submission
Chicago’s Crooked, Corrupt, Unelected Car-Hater-Junta — The Chicago Metropolitan Agency For Planning — Wants To Charge Drivers For Using Freeways
Freeways their tax money paid for.
You pay to own your own home. Why not roads too?
Maybe make the “managed lanes” lined w bulletproof panels?
One thing I miss about Michigan is that there isn’t a toll road in the whole state. Gas is cheaper too.
‘Adding’ lanes….hmm…not converting or repurposing existing lanes, but adding lanes. Hundreds of miles of new lanes…..decades long projects……union labor, prevailing wages, higher taxes…..all of that infrastructure money has to be spent somewhere!
I think it’s a great idea! Make it really, really expensive too. Give the people a little incentive to participate. No speed limit.
This is just a woke left anti-car plan to induce gridlock so people will take public transit. I know that sounds stupid, but that’s how SJWs think.