-- 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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SHOCKER!!, Crain’s actually includes article/ column by a conservative (IPI-Maliee Smith)!! Despite having overweeningly popular support, did any of are major news outlets offer any articles from a conservative populous point of view on Invest In Kids?? Answer know, they all had their knee pads on for CTU & state teachers unions the whole time….maybe the major news outlets are as scared of CTU & state teachers unions as are pathetic dem machine pols?
Notice how Crain’s, in windbag fashion, barks out its rhetoric after the vote, note that part, after. Where was Crain’s at before the election doing its best to sway the vote in favor of the scholarships? Crain’s never was for the scholarships and this article is simply an attempt to mop up some unsuspecting readership.