-- 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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Biggest roadblock is lack of sanity.
That’s true for lots of things. Pew Research found nearly half of young white liberals report being diagnosed with a mental health problem.https://freebeacon.com/author/stiles/white-libs-mental-health/
First, let’s fire all the teachers……
That should be down the list several notches. First, you need an overall plan of attack step by step.
Tom, there are many excellent ones out there. We should remember that and honor them, not putting them in the bucket with the rest.
Chicago Bankruptcy, void all contracts, pensions, and start over.