-- 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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They should be discussing how to actually teach children to read and write, most can’t and they just don’t seem to care.
Instead of dealing with the issues most concerning to the parents ( and taxpayers) , let’s get folks in here and dull their senses with left wing dribble, climate change, etc until their eyes glaze over, thus insuring they won’t be attending when we get to the meat of the matter .