-- Connecting the dots between our economy, government and business --
The U.S. Environmental Protection Agency’s recent decision to investigate a contaminated Southwest Side waterway off the canal persuaded garbage hauler LRS to scrap its “sustainable barging” idea that would have loaded garbage from a point along the canal and shiped it more than 100 miles to Henry, saving money and reducing the amount of diesel pollution from trucks that normally haul garbage.
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 would be a better idea to ship Chicago down the river and keep the garbage.
That’s not far enough, I like Old Joe’s idea ship it all they back to Mexico there’s a lot of Mexican waste in there needing to be returned.
Hmm, I remember a story from yesteryear where Ontarios trash was shipped to Michigan. Perhaps we can ship Chicago’s trash to Mexico. After all, we accept their human refuse.
2 points 😉
Spot on, Old Joe!