-- 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
Of course the south, west sides, and the latin x population will not pay their fines and drive high anyway. Lori needs their votes so they will not have to pay. And they all drive without licenses or insurance anyway. Thanks blm for destroying Chicago and Illinois.
Here’s the deal: Chicago has a very onerous traffic and parking laws. There’s cameras everywhere that automatically ticket drivers and the parking restrictions are practically insane. I’ve never seen anywhere like it. And the fines for violations are outrageous, in the hundreds of dollars, and they double if you don’t pay the fines in 21 days. It’s nearly impossible to park on the street because the restrictions are arbitrary and the red light tickets are crazy because they shorten the yellow lights to….give more tickets. No one should have to live like this. Even I, a model citizen, had my… Read more »
“That’s insanity and no one should have to live like this…”
Yes, but when you live under a communist regime, you must simply learn to live with it.
I’d guess that probably 95 or 96 out of 100 people who’ve had their license suspended for parking tickets or red light tickets live or drive in Chicago. Just another reason to stay the heck out of Chicago.