-- 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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Also ironic is the fact that many employees of CPS are now being found to be complicit in PPP loan fraud. These are the people teaching your children, folks.
Found one of the 100’s that gamed the system! How much did you score?
There’s so many things in that list that has nothing to do with teaching and NOTHING in there to actually teach them to read, write, or do arithmetic
scammers