-- 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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If eventually passed, assume BCH transfer tax funds to provide homeless “services” will be provided by first in line $CTU$ & $SEIU$…..as BCH is simply an open-ended, vaguely worded, referendum that doesn’t define who or what are; homeless, homeless “services’ providers, what specifically BCH tax revenue has to be spent on, or who at city hall is given authority to decide how BHC funds are spent.
Where do we send money for the “Wall Chicago Off “ initiative? Put me down for 1K.
Look at the puppeteer behind Gates. She is responsible for many of the failures in public education.
I’ve seen her on C-Span and both Republicans and Democrats got on her case in the question and answer segment about school closings and the curriculum. Very few callers agreed with her.