-- 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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If you are tried, convicted, and lose your appeal trial, and are a proven child molester, you should be hung from the neck until dead in the school yard.
How did the teachers union ever let this happen? They own the majority side of the State House and Senate. Are they not sticking up for their Groomer members?
Wouldn’t tossing the degenerates in the joint prevent them from jumping districts?