-- 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
The proof that CTU are a failure at everything they touch is their fanatic fear of competition. Competition is to CTU like sunshine is to vampires. It turns CTU into a smoking pile of ooze. CTU conspires with their criminally bribed political puppets to crush out all other sources of education in the state because they make CTU and all other public sector unions look so bottomlessly incompetent. The outlandishly bad work product of CTU is visible to all. Know that the less visible performance of SEIU and AFSCME is just as bad and likely worse. Bust this CTU terrorist… Read more »
Now the government is working hard to close Charter Schools and drive all of those kids back into the public school system control and of course…the money for each kid. Again, at a time when all states surrounding Illinois are moving toward School Choice…Illinois moves the other way to take more and more choice away from parents and kids. Makes NO sense and clearly is about greed and the cash.