-- 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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Every parents plotting, planning, being less than truthfull on fafsa forms, or out right lying–this is an extrem example. Bottom line is why is college cost so much??..while not illegal, back when my kids were in last years of hs can remember talking to city workers parents who were timing there retirements in mid 50’s around there kids going to college to show $0 income on fafsa