-- 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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If the US ever gets into another armed conflict this Superintedent can just sit it out. With that type of attitude we’d be waving the white flag in 2 minutes. Oh wait, can I use the term “white flag” anymore, or will that offend some high school freshmen? Oh wait, can I use the term “freshmen” or is freshperson the new requirement? Oh who cares.
No wonder Putin is rattling his saber.
Meanwhile in the locker room 4 black kids are beating some isolated white kid and stealing his lunch ,money
That kid better ditch groundless white guilt and learn to stand up and defend himself.