-- 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 and CTU- Joke Private schools are booming!
CTU go to hell
Magically, it will all disappear, followed be feigned outrage and befuddlement as to where it went so fast.
What’s really sad about all this is these monies are already spent and it’s not even in the hands of the greedy school districts yet.
Spent 20 years ago
No amount of money will ever fix stupid.