-- 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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Doesn’t really matter who they put in that position – its all the same. The Education business at that level is theatre. The money will be too high. The action will be too little. There will be no right sizing, elimination of unused buildings, reduction in staff, etc… The graft and corruption will be in full swing, the only difference is that the salary will be gigantic and the golden parachute will produce another millionaire. Note to CPS – Don’t forget to plan for a private driver and an giant SUV…
Those that yell racism are usually the ones behind the problems
Quit hiring political cronies to positions that require knowledge and skill.
“ Y’all racists!” says Six Percent, hoping to jimmy yet another unqualified crony into a position.