-- 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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Lightfoot better grow a pair fast, the FOP is lining up next, and they know what she thinks of cops.
“Among the packages scheduled for delivery this week were testing materials for the PSAT and SAT, scheduled to be administered in CPS on Wednesday if schools are in session. CPS already postponed the tests from their original date of Oct. 16, the day before the strike began. A message from UPS on Friday that one Local 705 member showed the Tribune stated “All High Schools need an attempt today,” and that high schools were in need of testing packets. A CPS official said more than 30 schools had received packages containing testing materials by Thursday afternoon. On Friday, deliveries continued… Read more »
Is now a bad time to ask those Teamsters about their Central States Pension Fund?