-- 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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Lori needs to build up her democratic west and south side ghetto patronage workers to help on the next election. She already has given south and west side patronage workers no show jobs as contact tracers which they never showed up to. Theft of city service. She also has given no show jobs to gang banger through Tio Hardiman’s fake violence interrupter programs. They also didn’t do their job. This is all patronage by Lori and the black caucus. Why won’t Ferguson investigate?
Bankrupt Cps–with the highest paid big city school dist teachers in the contry sitting out going back to work twards what end game nobody knows. And now cps is bringing in $15 hr baby sitters?? Wow–the clown show never ends..watch parents continue to flee the system. If you were a young couple looking for a good place to raise a family, why in the world would anyone ever choose chicago??– the press and pols never ask