-- 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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And US citizen students too.
Cut 9% of the teachers since enrollment has dropped 18% then raise shouldn’t be a problem…
Come on you dems. Pony up. More taxes for everyone still breathing in that S___hole you call a state. You voted for it. Now pony up. After all you didn’t earn that and it will make your master’s lives so much easier. Be a good obedient slave and make the needed sacrifices. It’s for the children.