-- 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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Chicago has some big things roaming the main streets – I believe they are buses! I recall boarding two of those roaming behemoths twice daily to find my way to and from high school.
And, like Old Joe, we walked to grammar school.
Why aren’t we raising independent kids who recognize that adults have jobs and kids’ job is to do well in school? Oh, that’s right – no jobs on spite of a shortage of workers.
What a screwed up world we live in!
As his punishment for corrupting Illinois make da Dem king Mikey Madigan drive a CPS yellow bus for say 2 years!!!
When Old Joe was a kid he walked to and from school.
A job where you are trapped in an enclosed space — with feral ‘yutes’ — while your back is turned to them at all times — no wonder nobody wants that job