-- 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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Would have like to read the article before commenting, but I am blocked because I am not a Tribune Subscriber. I am going to comment anyway.
Keep up the GOOD work Students, parents and concerned citizens. Let the children know who their communist enemies are and how they are being manipulating thru masking and forced learning of Diversity, Equity, Inclusion and Critical Race Theory!