-- 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 Cps students are not going to school or remote learning because they are too busy carjacking, robbing and committing street crimes. All sanctioned by Lori, the black caucus, and Foxx as crimes of poverty.
“Black and Latino communities, particularly those with a large number of residents who must work outside the home, have been hardest hit by the coronavirus pandemic. About 30% of Chicago’s residents are Latino and 30% Black, while about 38.7% of the city’s coronavirus deaths were among Black people and 33.9%among Latinos.”
This is absurd, when a couple of percentage points one direction or the other means that “THEY’VE BEEN HIT HARD”. These are hardly even statistically significant.