-- 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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The Obama center is losing hundreds of millions because of DEI. Will they ever learn no one gets ahead when others push to the front of the line? Every day I am thankful we didn’t have another blank check Dem president. Now if we can just get rid of the blank check Dem governor…..
Oh no! That’s terrible! The Fat man will now start to cry and disparage the mean old Orange man .
Illinois will continue to swirl in the crapper until the entitled idiot Pritzker is gone from the scene and hopefully voters wake the hell up!
Good. Let the D’s choose. Stop the DEI push with its associates scams, or choose a $3 billion funding haircut. There is way too much money flowing into Illinois education these days. Need evidence – just look at the number of Chicago schools that are open, yet are running at 20%, or less, of their intended size. With no plans for school consolidation. Or look at the related article about superintendent and other administrators salaries. Remember these schools have no competitive pressure, unlike private businesses that must compete every day. Finally, we all are very concerned with the poor outcomes… Read more »
Public schools are nothing but a giant Ponzi scheme and the taxpayers unfortunately are the investors being forced upon us by corrupt government and unions.