-- 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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HAHA, your on your own fascist districts that licked gauleiter pricksters boots!!!!
the meter has been running since the first day of school. $3K per child per day after i notified my superintendent he and the district were liable for violating Illinois statutes on DAY ONE OF SCHOOL!!!!!!!!
I’m sure they are quaking in their boots. You showed them. HAHA.
LOL