-- 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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Should have thought about this a few years ago when you could have educated the children and before you chased out the businesses to hire them. Now it will be generations before this changes. The gangs were supported by the failures of the education system (highest price per student) and state chasing out the businesses. Embrace failure.
The Democrat party, and now, their constituents, are abusing these people. How sad to watch it all.