-- 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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It’s for the chillen — just not your chillen!
OH PLEASE…………
What we could do with the money spent catering to people that won’t learn English and never will. That comes in handy when being questioned, doing business, at the DMV or SS office, etc.
Get ready folks…CPS and Illinois Department of Education will be after a couple of Billion more to address the Illegal Alien problem and increase in putting their children into an education system built for real citizens. Injecting this many new children into an existing program that typically grows slowly…doesn’t work. It reduces the over all services available and penalizes everyone. Makes no sense.
JUST ANOTHER REASON FOR….. SO CALLED TEACHERS……. TO STRIKE FOR MORE MONEY