-- 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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It will all go to funding the overly generous PONZI pensions, all the money in the world is not enough.
So, a large majority of the people who teach Chicago kids voted in favor of funding Johnson’s campaign, using their ‘not to be used for politics’ union-dues, because they agree with the higher taxes-n-fewer police-n-more social workers-n-trans porn-in-the-library CTU goals.
Well, their performance evaluations tell us that 90% of them are doing an excellent job in classrooms where only one out of 10 of their students can read or write at grade level, so they must be right. They’re teachers, after all. College graduates. Well informed critical thinkers.
Nice to know who to listen to, and who your friends are…..
Brandons campaign web site gives no time frame for $800 mil savings? Is he proposing $800 mil savings per year?, One time saving? Or what? It makes no sense. Would anyone in press try and point this out? Answer NO