-- 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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Agree it’s a toilet but “the west side” isn’t a neighborhood. Does the author of this post even live in Chicago?
Stacey and Putzger send the kids to the schools of their. With vouchers all parents could
With the CTU running the state, don’t count on anything for the Chicago Hope Academy. For the CTU, “hope” is just a four letter word.
It is great for Hope Academy but this shouldn’t just be about west side neighborhoods. Any parent in this state fed up with their school should be able to take their tax money and go the school of their choice. There are many school districts in this state that are abusing tax dollars and it wont stop until they are forced to change.