-- 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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Leona Helmsley “Only the little people pay taxes.” says it all.
Good God. Another Billion Dollar taxpayer robbery grab for the friggin public education business, because ya know…there isn’t enough money being spent now – they of course need MORE. There are no details about what the district will do with the Billion dollars, just that it is needed…for something. 214 needs to Focus on the the prime directive of education – teach students. Just teach the students how to read, write, add, subtract, some science and social studies/government. If you do that well, the students will be miles ahead of every other public school district in the state. The rest… Read more »