-- 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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How about they furlough all the teachers and administrators in the 100+ mostly empty schools and move the children to still not fully populated schools.
As COVID funds run out, one simple question nobody in press or politics asks is–what is/was the $total$ increase in spending added (jobs, benefits, spending & future liability debt) to CPS budgets that was paid for with COVID funds that CTU is trying to protect in new contract and CPS still includes in proposed budget that ultimately dopey Chicago taxpayer/homeowners will be asked to $pay$ for? and of course, the same questions could be asked of all city, county and state spending— WHO’s GOING TO PAY FOR ALL THE INCREASED SPENDING MADE POSSIBLE WITH COVID FUNDS AS FUNDS RUN OUT???… Read more »
Hmm, that doesn’t look like the American flag to the left of the wall clock.
I think having a American Flag is considered racist white supremacy.