-- 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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I know how to solve this. Higher taxes for all of you. See I just skipped to the end for you.
Another–‘the world of CPS/CTU according to Chalkbeat’ article where they give tacit endorsement of CTU agenda & interpretation of history, avoid mentioning any of CPS astronomical dysfunction at astronomical $cost$ (as regularly discussed on IPI & WP-empty schools, highest paid teachers nationally, 25% reading proficiency, etc, etc) and accept as gospel the Martire/CTBA–EBF that CPS is somehow underfunded at $30gs per student (“systemically dis-invested” if your CTU/Brando). Only now are they writing about the end of COVID ESSER funding in any detail. With CTU/Brando now at a 14% approval rating, who are the dopes that still buy into the Chalkbeat… Read more »