-- 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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Here’s a shocking prediction: It will be the latter.
So Chicago and IL, which already has more governmental units than any other state, is now creating a 21 member elected school board. More overhead, more revenue needed for another bloated bureaucracy.
yahoooooooo
hlow
nice
Elected board will be controlled by crooked corrupt CTU — if you think that enrollment is in a death spiral now, just wait till the CTU completely trashes CPS
hy