-- Connecting the dots between our economy, government and business --
Which matters more:
Providing the necessary funding for the intellectually disabled to be able to access group homes and day programs after they age out of the public school system? Or preserving, in the state pension plans, the 3% fixed annual cost-of-living increases, and unreduced retirement as early as age 55*?
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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Incredibly sickening..but where’s little suzie mendoza out blaming everything on rauner? Or has that shtick about run its course? She’s been laying low lately
We know what’s more important: pensions are a promise!