-- 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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At +$28,000 per student spent –“It is still not enough”??? Only in in the crazy alt-reality of cps/ctu/st is this possible, with poor kids & parents held as hostage. Anyone with a shred of commonsense or human decency could only conclude vochers & choice are the only way to empower parents/kids out of the colossal $9.3 billion lib humanitarian trainwreck known as cps