-- 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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How about consolidating under attended schools and then open up the vacant school buildings as living quarters to the poor underhoused educators who can’t provide for themselves. Offer reduced rent to them for serving as night watchmen and custodians. We’d also be keeping them off the streets. Let’s start thinking outside the box!
HOW ABOUT HELPING THE HOMELESS ……….NOT PEOPLE MAKING THIS KIND OF MONEY PLUS PERKS…….SOMETHING REALLY WRONG WITH THE DEM POINT OF VIEW!!
The hog , even with its face submerged in the trough up to its ears and sated, will keep feeding until it bursts.
WELL PUT
Thumbs down is still hungry and can’t reply with his mouth full.
Nothing new here in Rockford. For a while Rockford school district 205 would pay up to $20K as a down payment depending on home value for administrators to move into the district. They only had a small amount of I think $200K at most so at most that is for 10 people. Lots of taxpayers money to spend.