-- 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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Because CPS grads aren’t equipped to “do math”. Bet not one person in BJ administration has CPA audit-capability, nor understands accounting spreadsheets.
Nor are there any that understand running a for profit business or very basic economic principles.
It’s their hope Uncle Joe will bail them out of their poor decisions.
Because it’s not a budget. It’s a loot distribution plan.
Just like Illinois
Why does Chicago ignore good budgeting practices? (raising my hand) I have an answer. Because the media does not inform the public of the situations at hand. Nice long article Mr. Tribune but I put up the answer in much less space.
Great article, and what most disgusting is there’s ZERO analysis offered in press to inform dopey voter/taxpayer how over taxed they are relative to the crappy services they purchase with their hard earned dollars. Especially amongst those journalist who claim to write about EQUITY. They only assume, as does the machine, that the voter/taxpayer are truly dopes and then wonder why no ones reading/subscribing.