-- 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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So much ado over bus service but so little regarding student classroom performance. Its the Chicago way.
They should get all the bus service that their real estate taxes can pay for. Raise those taxes. The slaves like it.
Many in the areas affected aren’t paying taxes, never have and never will. Meanwhile, people whose children last saw the inside of a public school 10-20 years ago are still getting the squeeze put on them for half empty buildings, teachers chronically absent , sexual predator staff and kids that can’t do anything at their grade level.