-- 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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Duncan was CPS superintendent, so why didn’t he decry and fix social problems of POC youth then? Nope, Duncan is already campaigning for mayor, trumpeting the usual PC blandishments. Recent Census data indicates 52% black males 18-29 yrs are neither in school or working – that’s the problem here.
When will a democrat finally admit that violence follows job loss. Maybe making IL competitive again would go a long way to fixing jobless, hopeless eighborhoods. But then they’d have to get their lips off China’s backside and that ain’t happening.
Dear Tribune and Arne too! People don’t get all lathered up over this because they don’t care! Jesse, Al and all others of their ilk only come out if there are cameras or blackmail opportunities! Otherwise it’s just more endless ghetto drama! Cold? Yea it is! Lori? She’s too busy and needs her rest time. School shootings? Hmmmm…..call the cops; nobody suspected anything! Heard noise, felt pain.