-- 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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Put your money where your mouth is JB! You believe in these people, so hire them into the Pritzker family business. And not in some entry level low wage job either. These youngsters want top dollar and a corner office. Get on it!
Some of us still remember when the prison in Joliet had many, many programs for convicts designed to teach them a useful trade instead of returning them to a life of crime upon release. Farming, shop classes and furniture making were a few of the programs offered with the intention of rehabilitation. But do gooders deemed it slavery and put the kabosh on it.
Jesse Jackson was behind closing the programs as slavery. Give credit where credit is due – Jesse also was behind not identifying the race,of suspects as racist.
Good old Jesse.