-- 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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“cameras near schools only operate while class is in session”… also during before/after school activities…also during summer school. It’s impossible to know if the cameras are operating. Some states require a flashing light when the 20 mph zone is active for “students present”. Not Illinois.
More like it is dangerous for a city teetering on the verge of bankruptcy. Lori needs that benjamins baby!
Beale should instead push it so the excess revenue above and beyond the cost of the camera rental go to a non profit for children such as Ronald McDonald house or St Judes. This would remove the appearance of a conflict of interest, and speeders would know they are at least helping children who are dying.
Somebody ran the numbers for Herself. The numbers didn’t work so Lori says NFW, it’s for da children. Hiding behind safety!
The whole safety issue is a red herring fraud — cars going 5 miles an hour over the speed limit are not a safety issue. This is a pure revenue robbery ripoff racket,