-- 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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Woke goes broke.
I would like to express my sadness at the “geniuses” at the MacArthur Foundation giving out “genius” grants to morons and imbeciles.
WOW, Im sure Ted & Mark are bringen home $633gs at WP??? Non-profit equity hustle on steroids, unbalievable!!!: “The announced staff reductions coincided with a $6.4 million WBEZ studio renovation coming online and after what tax records show was a nearly 19% pay increase for Moog that boosted his annual compensation last year to more than $633,000.”
Makes you wonder what all these other non-profit execs are banking off all the COVID $buck$ handouts??
LOL Learn to Code, freaks