-- 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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All nonsense! During the pandemic the Chicago public schools gave laptop computers to “at risk” students to proactively address this problem of learning decline. Today, millions of $$$ worth of these laptops are missing. The CPS has asked the police to retrieve them since they all had trackers on them. The police feel if they. Can track them they aren’t missing. Hence, no crime.
BS!! Did Lori write this, given she’s right there?