-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
She is right, the State does not fund education like it should.
It should tie funding directly to performance and adjust that funding immediately relative to the most recent pathetic education statistics.
Listen for all the wailing and crying about unfairness and such.
Extortion by any other name…
A Chicago public union isn’t going to let the State of Illinois off the hook for additional funding? After reading that, I think the State of Illinois is sweating bullets.
Wait till Trump puts forth a FY 2026 budget. These budget deficits in Illinois will get much BIGGER!
An entitled, loud SJW that didn’t pay her water bills and got caught trying to cheat on property taxes is the last one that should open her big, constantly moving mouth about finances.