-- 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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Paging Sister Mary Knuckles…….
Finally. The children will be safe. Because everyone knows the Po-Lice are the problem.
The only ones happy with this are teachers with something to hide, Marxists that don’t want any law and order anywhere, thugs that prey upon those at school to learn and their thug parents that are tired of getting pulled off of the couch and putting the pipe down to come and see the principal.