-- 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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Stopping the exodus would require offering citizens something other than continuous mayhem, value for their tax dollars and decent schools.
How to stop black exodus? Well the smart people are leaving. So to stop the exodus just keep doing what you’re doing Chicago. Keep standing up a school system that keeps everybody stupid, then they will stay!
Gosh. What could stop the black Exodus from Chicago: 1. Destruction of CTU and replacement with a functional public school system. 2. A school Voucher system to give parents school options. 3. A new county prosecutor who allows actually prosecutes the predatory criminals. 4. Cutting government bloat by 2/3 and a corresponding cut in taxes. 5. Pension reform including public sector pension cuts and end of double-dipping and triple dipping pensions and corresponding pension cuts. 6. A city government that isnt predatory and instead works for the taxpaying citizens and job creating businesses. So…..six fantasy items and none of which… Read more »