-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Return on investment. Hmmm….the Chicago Teachers Union is doing a great job for its members…not so much for the students they are allegedly teaching.
Measure a return on investment? Evaluate outcomes? What complete idiocy. There is no measurement. There is no evaluation. There is no return. There was never any intent to do any of that. Government is not accountable. There is no self-reflection in government. The sole purpose is to separate you from your money so that it can be directed to themselves or their cronies. The words coming from their mouths are meaningless platitudes to sell stupidity to the idiot masses. Until you starve the beast of the tax money it lives on, it will continue to grow until it consumes all.