-- 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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Mayor BJ will do whatever his CTU masters tell him to do.
He is a CTU sheeple!!
BJ The Race Clown doesn’t want his name on any decision that leads to a kid being shot in school
When Old Joe was a squirt in the 60s there wasn’t a cop in any parochial school in the entire Archdiocese of Detroit. Yep, no associated costs for union wages, health care or 6 figure pensions. It’s called cost avoidance today. Hmm, should my old parish get reimbursed for those costs they never imparted on the tax payers?
Also, Sister Mary Knuckles sure knew how to maintain order.
And she didn’t pack heat on her belt but instead had a rosary belt.