-- 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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There are too many miscreants from where the Red line exists on the South side, riding now.
Yep, it amazes me how many Southsiders are arrested for criminal acts perpetrated on the North side.
The Red Line is more aptly a “criminal conveyance system.”
The original intent was to bring south-siders to the loop for the abundant number of jobs,but now these jobs have disappeared. So cancel this obsolete proposal now.
So you can’t afford the routes you have. Solution?
Build more route miles you can’t afford to run and maintain.
Ain’t politicians grand? I’m sure several grand will go directly to their friends and pals.