-- 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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And what does CPS and the CTU say? We need more money!
Nothing to see here, move along!
Does anyone really care especially in the inner city if they even knew about the missing $23M? It is taxpayers money after all.
Like everything in Chicago/Cook County/ Illinois the Chicago public system and its entire administration from top to bottom is totally corrupt. What else would one expect?
I’ve been telling everyone for months that Brandon sees in his job description as “loot the city” – which fits into his broader goal of reordering a systemically racist Chicago to favor people of color. Not in the fancy big business kind of theft, but literally in the most petty “steal everything that isn’t bolted down” kind of way. That’s why citizens felt it was OK to steal $23,000,000 worth of electronics. I am only half joking when in 20 years we’ll find out that Brandon’s stored tens of thousands of dollars of office supplies and toilet paper in his… Read more »
BS is impervious to toilet paper. Probably gets his bribes in cash like the mayor of Detroit plus that takes less room in his basement although he may prefer remote storage in a place without an extradition treaty. Drop a few pounds and he could be anonymous in most beach bars and brothels south of Key West. Although a Chicago accent or retired teachers might blow his cover. Who knows? I only know what I read on Wirepoints and he may eligible for sainthood or an equestrian statue that his successors won’t tear down.
Anyone of normal intelligence saw this coming. That includes those who promoted and supported the give away. What does that say about the promoters and supporters? Same attitude as those who ignore shoplifting. They all promote fundamental lawlessness. Do they also promote immorality? Is a civilized society a basic human value? Chicago is a laboratory test for whether “we” can thrive or even survive as jungle creatures.
CPS response: “oopsie!”
Chicago taxpayers shouldn’t expect any consequences to CPS chicanery, or to CTU shenanigans. Chicago possibly the most corrupt city in US.
The only thing Chicagoans should expect is a demand for more money.
And again nothing absolutely nothing will be done.
Dat’s be ours reparations!