-- 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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I have a better idea since Chicago teachers brag how great they are why don’t you people of malfeasance take them in at your homes.
And in other news. President Donald Trump has been indicted on 14 counts for using Mary Ellen Maloneys red crayon in 3rd grade without her permission. Additional charges may be sought since President Trump colored outside of the lines. Grand Jury is now hearing testimony.
good one
Watch as CTU/Brandon uses remaining $375 mil in COVID $bucks$ to fund CTUs “bargaining for the common good” stuff, like turning empty schools into homeless shelters, which will serve as convenient pr cover for his dopey taxpayer libtard base while his administration rewards CTU with 9% raises over 5 yrs making them highest paid teachers of any major school district in nation.
Same deal with CTU/Brandon’s new $1.25 bond deal for homeless/housing backed by expiring TIFs….how much $ will end up going into CTUs “bargaining for common good/sustainable schools” racket? Unlike remaining $375 mil COVID $bucks$, at least aldercridders get to vote on how $1.25 bil are spent.
yep…….and the kids still can’t read…….just sayin’