-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Chicago kids need a two parent household, a meaningful education that will eventually enable them to get meaningful employment and some rules that, if broken, have consequences. When you have an administration that dismisses destructive, violent behavior as “ funnin “ or “ expressing themselves because they’re bored “ and call out the people pointing out the folly of said behavior as being “ demonizing “ then the end result isn’t all that surprising and doesn’t need “ studies “ or “ commissions “ to figure out what the “ little Capones “ are up to. Keep searching for those… Read more »
Chicago kids need to be raised in home where their father is present.
THEY NEED TO LET LAW ENFORCEMENT DO THEIR JOB……ALSO