-- 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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Pedro Martinez was one of the most dominant pitchers in baseball history.The Red Sox 2004 World Series championship was largely due to Martinez’s pitching. While I’m surprised that CPS put him in charge of their budget, if Martinez can swat the CTU thieves like he struck out batters then I’m a fan.
Usually, the CTU goes after the mayor, like Rahm and Lori. But now, since the mayor is one of theirs and they put him there, they have to go after someone else, such as the CPS leader and Pritzker. They wanted Brandon, but can he really help give them what they want?
Davis, first and foremost, stands up for her minions getting comfortable salaries, results academically be damned. And someone that won’t pay a 3K water bill while making her salary neither understands nor cares where the money comes from.