-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
“… a lot of kids have a better chance for a good education …”
Dickie, Dickie, Dickie … have you looked at the current state of IL education in areas with robust Internet? The difference between the non-robust-Internet areas and the robust area Internet access is negligible.
Though I strongly support Internet in the rural areas, Internet access isn’t the issue for IL students. But they’re woke, very, very woke and may have already chosen their pronouns!
This expansion should have happened a decade ago. But Springfield doesn’t care about white people south of I-80 or west of 355, so the state has intentionally left them behind. It’s a shame really the outright systemic racism in our state and federal government.