-- 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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Maybe Nesbitt will also investigate the many teachers living out of district, such as the one from Oswego suspected of sneaking in the gun that discharged at the Sox game. Additionally, some teachers attendance records could use a thorough investigation.
But amazingly, Jardin Chou is still head of CPS safety & security?? She’s somehow survived all the sex abuse scandals? I think she has CTU’s blessing because she goes easy on staff background checks.