-- 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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Chicago is circling water in the toilet! Can not help peeps who are too stupid to see what is in front of them! Leave the city now
This will be an epic train wreck. This is nothing short of a stick in Lori’s eye. Jittery and Juniper will the board budget experts. Hmmm…. I don’t think they’ll operate in their budget. Why should the school board care about the budget? Nobody else does! I think the board should be spelled bored. Lori, as usual, brought this onto herself. The rats are nibbling around Lori’s power. Soon they’ll move her office to the DOWM smoking area.