-- 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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Not surprising at all that it’s the greedy school districts shaking down the Bears. They alone will kill the Bears stadium in the northwest suburbs, that quite frankly, everyone wants.
Agreed. The local school district is drooling over the possibilities.
I spent several minutes looking at the head shots of the administrators and board members in Dists 211 & 214 and they’re the biggest bunch of losers I’ve seen together on a webpage in quite some time. To many AWFLs, and soy boy men. None of them know the difference between a touchdown and a home run. Arlington heights voted Joe Biden D+30 so of course its filled with losers, freaks, degenerates and grifters.