-- 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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“They be funnin“. CTA’s riders face routinely unpleasant public-transportation experiences, and too frequently dangerous situations, only because CTA policing policies enable certainly anti-social and often flat-out criminal behaviors to thrive on its trains and buses and stations, with little risk to perpetrators preying on CTA riders.
So gas becomes too expensive to drive and public transit becomes too dangerous to use.
What a crazy world we live in.
Wow stupid can people who write these articles be? They city officials are encouraging this behavior less alone not doing anything about it.