-- 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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Maybe he should keep in mind any Federal laws he might run afoul of?
Maybe IL schools in prioritize teaching kids reading and math. Then students would no longer be victims of the public school system.
Tony Sanders is a joke, last U46 board members made him our districts School Superintendent while he WASN’T qualified by not having the required state certification! U46 thus paid someone to sign checks who was qualified!
We were all glad when this phoney got promoted out of U46, as he’s the state clown now.