-- 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 what Chicago needs 21 more politicians.
Get the Caliope going! Lori is delighted! She’s finally unloaded CPS! Now she can focus on eliminating tax payers. The community will run the schools! Board meetings will include Chuck Cheese worthy brawls. In an over abundance of caution everyone will be screened for weapons.
Maybe, but Lori’s bug-like face will still be getting the questions and the blame. With either leadership we all know CTU really owns, runs, rules the “schools” where every student from 3rd grade on is in perpetual remedial study.
Just another layer of corruption and fraud.