-- 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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Really kind of too late, Blue Handle Blues, maybe next time your know better like you should have decades ago.
“Parents bewildered…worried…about who’s calling the shots..” Nonsense, they know the CTU is calling the shots. The parents might better serve their children by demanding that the children can read, write a comprehensible sentence, and make change for a dollar without needing a calculator.