-- 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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Kim Foxx….Foxxx… Fox….Fox….Fo…Fo….FFFF and the echo continues
They are all CPS graduates; this is the only skill they learned.
Them and tens of thousands of others only know how to be criminals.
$30,000 per head per year and they cannot read or write or do math at grade level. They were just passed thru the system. Thankfully the Teachers all got large pay checks, great benefits and a overly generous pension at a young age.