-- 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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Cps/ ctu should get in on the pot buss./racket–all those empty, 1/2 empty s & w side shools would make ideal gigantic indoor hydroponic grow rooms!! My plan would use the all empty cps schools as pot grow/training facilities combind w mini casino casinos. Instant on the job training for the kiddies in growth industries that there parents were locked up for!!