-- 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 greedy unions own the governor and the legislature. The next mayor is to be decided, but whoever it is will be the union’s bitch so it really doesn’t matter
Let me see if I understand this: Since the 2016-17 school year, CPS has lost 20,000 students. And CTU thinks “the wind is at our back in these negotiations”?! Only if it’s the draft from all the kids leaving Chicago.