-- 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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CPS is a colossal mess. They wait until the last minute to expose their Covid plan, deny CTU time to turn it into Swiss Cheese; simply child’s play! School opens today but nobody knows anything. A lot of We think, We Hope, We Might. No school bus because there are no drivers. Why no Streets and Sanitation to drive busses? DOWM drivers? Is anyone at CPS capable of chewing gum. They answer by throwing cash at parents to provide a means to school. I call BLSHT! CPS is paying parents to send the kids to school under the excuse a… Read more »
It would be much safer to just close them permanently.