-- 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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Just curious – Why isnt school choice being talked about as it seems many are disgusted by the CTU and their strong arm tactics?
What a joke, positively a joke 1 day a week just cancel the in person for the remainder of the year what 5 weeks left and one outbreak and it’s all over anyway. It’s obvious who runs Chicago and it’s not the mayor.
Stacy Davis Gates will run for mayor as she runs the city already. Lori is so so weak. One day a week is a joke.
About fing time