-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Just an observation. In the first 6 or 7 seconds of the video which if paused is not clear but it seems a lot of the students seem to be special needs kids. If they are do they realize on what is going on? Are they being taken advantage of? They should have the right if they can to vote for anyone they choose to but the parents should have the input of explaining that to them not the school district. I may be wrong since I just had eye surgery but look closely at the first group of kids.… Read more »
the video news clip pretty much flat out busts CTU as coercing kid into voting for BCH. On the other hand, per some other articles, I believe they only had a couple 100 kids at event
You’d think there would be a hulluva lot more 18 year olds enrolled too…