-- 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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Why the hell should they do this for absolutely nothing, why government workers and are great teachers and administrators and administrative people are sitting home getting paid and have all there health care benefits for next to nothing. Remember these reitires are older folks now, why would you jeopardize there lives. Get all the teachers,administrators, and administrative staff off there asses and let them assist in some form or way. For some reason they think they are a vital necessity to society and must not be exposed. But are doctors and nurses who are in greater shortage then you cry… Read more »