-- 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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So mayor Lightfoot tells the President to back off when he highlights crime, illegal immigration and corruption in Chicago.
But apparently it is ok for Bernie to come to town to encourage its teachers to strike?
Articale states only “hundreds ” of teacher in room? , not even a 1000? Thats all the members ctu & seiu could drumb up for comrade bernie/ strike fest? But 100% sure they’ll vote to strike