-- 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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Just hand them a diploma now. Same thing you do in five or six years just eliminate the time in. they will know as much
Let ’em stay home. The kids will be unprepared for the next level, college or whatever, and the City will simply hasten its rush down the drain – if people aren’t capable of understanding that which is rational and in their own LONG TERM best interest (that’s where most of these smrt folks fail) then let them reap what they sow.
At some point, we cannot keep these folks from their headlong march into their own doom.
Really sad – didn’t even take a generation for us to trip into the third world.
It seems that the whole “COVID !9 CRISIS” has just been proven to be a whole “CROCK OF SH*T”.
My, o’my whata sapriz!!