-- 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 choices are simple-either cut wages or start chopping heads. https://www.chicago.gov/city/en/depts/dhr/dataset/current_employeenamessalariesandpositiontitles.html
There’s a famous story in the Bible about preparing in advance for hard times. 7 lean years followed 7 fat years.
A God fearing man named Joseph planned ahead and was able to weather a famine. I don’t expect Democratic progressives to have a modicum of Bible knowledge let alone take guidance from Biblical lessons.
Brandon had no clue on what this job entailed. None. But he ran to get the teachers better pay and they got him elected. Now the teachers get paid , the schools are no better. And the city is in the worst shape ever. Whoever voted for him is to blame. Btw. Most teachers in CPS live in the suburbs
Going to be MANY billions if they don’t drop the sanctuary status of the city a billions more for the schools if they don’t drop this DEI s…t