-- 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
If executed competently and with available optional daycare, it seems like it could work. Of course it should only be done if the unions demand it, because otherwise they’ll seek extra pay for it.
This is covid Lite. In many countries kids go to school 6 days per week. Our kids future is a Chinese boss or worse.
Guv Pigchop is your boss not the Chinese. He wears a man girdle to keep his massive gut under control!
Hasta la vista, for repeated, obvious violations of standards any site maintains.
You just love censorship. That’s your only standard.
Da Judge
Guv Pigchop hates Illinois and doesn’t care about the number of days kids are in school. He wears a man girdle to keep his massive gut under control!