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A lifeline may come from Springfield, where a handful of Chicago-area state representatives will push to revive the program with the backing of Republican colleagues. Their proposed legislation could extend the program for five years. It would also reduce the tax credit amount and individual giving cap from $1 million to $500,000, sharpen the focus on lower-income students, and shrink it to a $50 million program.
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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A stoned, stupid populace is easily governed.
Government has to equal out the no and never brainers. The government will Loose!
The vermin of Chicago Teachers Union can not tolerate any competition because it exposes their thievery, incompetence and fraud. Bust this union now.
Step back for a brief moment and look at the $B’s Pritzker is throwing at illegal aliens, with no end in sight. Yet more evidence the Democrats priorities are really messed up.
ALWAYS HAS BEEN