-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
In my youth I watched the birds of a feather flock together , and knew that segregation was a natural state of being .
And what party does Vallas belong to? And who has controlled CPS for the last 100 years? He blames the unions. The unions own the democrat party and have for as long as I can remember. This guy wants to blame someone? He needs to look in the mirror. He’s part of the problem. And before someone says that he is better than the current clown at city hall, know that it is like saying horse manure is better than cow manure. They are both excrement and they both stink.