-- 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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Sad, but I try to read, who can keep up with where all the $100s of millions are going? And all any reasonable person can conclude is CPS/CTU are a total scam of epic proportions…..for the few of us that are even paying attention
In true Marxist fashion, throw out ridiculous ideas and scenarios and before one has time to examine or question them, throw out some more. A dizzy foe is easily defeated.