-- 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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From http://www.theexpiredmeter.com FACT: LIGHTFOOT SPEED CAM SCAM IS ROBBING DRIVERS BLIND — OUR TAKE ON THIS: (1) Lightfoot Is Breaking Her Campaign Promise To Stop Using Traffic Cameras For Revenue, Rather Than Safety; (2) Studies Show That Speed Cameras Do Not Reduce Accidents; (3) This Is Exactly The Kind Of Predatory Ticketing That Hits Poor And Minority Drivers The Most, Driving Them Into A Cycle Of Never Ending Debt; (4) Lightfoot Has Repeatedly Screwed Drivers To Grab Easy Money — Including Issuing Thousands Of Predatory Parking Tickets During The Pandemic After Promising Not To — Raising The Regressive City Gas… Read more »
Speed cameras and red light cameras have never been about safety. In a presentation by a red light ticketing company the very first topic brought up by the representative of the company was how much revenue could be generated. The crowd of elected leaders all nodded their heads in approval.