-- 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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Those little darlings can walk to school just like Old Joe did. Uphill, both ways…
Well, of course. CPS can’t be bothered to provide transportation to selective and Magnet schools. Suddenly, again, they have no money and can’t afford it and need a tax hike and need a contract adjustment… The folks that can get their kids into these schools, should do whatever it takes to get them to and from on their own and tell this useless school district to kiss off. People sending their kids to Catholic schools do it all the time – its not impossible and not all people sending their kids to Catholic schools are millionaires. Those schools and Magnet… Read more »