-- 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
Complex and interwoven, eye rolling! It’s not complex! The city top to bottom is run by hoodlums. The courts, county administration; everything is corrupt. CPS and CTU have conflicting parallel goals, to steal everything! CPS screws up everything they touch. We bring in a new superintendent to straighten things out! It’s like buying an expensive antenna for a tv that hasn’t worked in years! You can’t build quality education with CTU mongrels. An advanced education degree from an exit ramp school is the ticket to lifelong public aid with scheduled bumps. Educators, life on the dole! In defense of the… Read more »
Hey Tribune– it is not the fault of “the City.” It is the fault of Chicagoans – the people who live in the City and put up with the rot. They tolerate, ignore, rationalize and enable the decline.
We’ve got kids out of school, infuriated and exhausted parents, an unacceptable homicide rate, carjackings terrifying citizens, a vaunted retail and entertainment sector on its knees, upstanding citizens newly afraid to walk the dog around the corner, a growing national reputation for dysfunctionality and a pervasive sense that too much is raging out of control here on the shores of Lake Michigan. To paraphrase pundit Jesse Kelly, everywhere the communist goes, they seek destruction. And to the communist, past destruction is never enough. There’s always more destruction to follow. Lori, Kim & Toni and the rest of the clown car… Read more »