-- 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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Very suspicious how Schuler was forced out for blowing his top a couple times when things once again are heating up for cps–from cheating/ fake test scores to unbelievable horrific sexual/ pedophile scandals that he was uncovering. The reality is he was doing a great job uncovering all the incompetence. Sure everybody from dem machine, cps board, ctu, seiu, to principle associations wanted him out and back to same old duping dullard public voter/taxpayer that cps is making progress for all the astronomical $ spent. And unbelievably Jadine Chou (head of security and personnel screening) is still on the job