-- 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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Rahm hates school choice, that’s why he sent his kids to the local CPS public school designated for his address, to show he puts his kids where his mouth is. Rank and file Chicago teachers hate school choice too, that’s why 99.9% of Chicago teachers have their kids enrolled in the nearest CPS school too. Setting the example for what they preach! NOT!