-- 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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The greed of the pestilential scum of CTU is bottomless. These terrorists vermin must be busted and crushed.
As I’ve said, they’re barbarians looting the city’s treasury. The first barbarians showed up in the Roman Empire in the late 300’s, early 400’s and said “Gimme dat” and they took it for themselves: estates, vineyards, manufacturing facilities, shipyards. Except they had no idea how to run them and within several years it all crashed. The aqueducts that brought fresh, safe drinking water from streams, from the mountains 70 miles away, fell into disrepair because no one knew how to do basic concrete or engineering that had accumulated as institutional knowledge in Rome since Romulus and Remus first nursed the… Read more »
Good comment, these people think that if someone or a business is successful it came easy. They don’t understand it requires intelligence and hard work because that’s not how they earned their lucrative gigs.
Yeah… and they’re supposed to be teaching our kids, go figure.
So Stacy Davis-Gates presents her strident and quite alarming lecture at City Club, and not one attendee challenged her? She hectors her meek audience, who apparently are too cowed to respond in kind. Speaks as badly for Chicago’s supposed business leaders as it does for tax-cheat “living-large on $260,000/year” marxist Ms. Gates.
Typical Q&A at City Club of today. Worthless.
You need to live paycheck to paycheck with a $260,000 annual salary after taxes, private school, two homes, expensive vehicles, vacations and fancy restaurants. No one expects a union leader to live modestly these days.
this Trib editorial is like WP light….very light that is
Gimme all da money said the educator.