-- 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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Who would’ve ever thought that police officers and teachers have the same reasons for considering a job change? Undermining by superiors, a lack of respect from those one is trying to serve and being forced to wear several hats ( counselors, child abuse watchdogs, documentation in triplet of every move made, trying to be “ pals “ with people when your job is to protect or educate, etc. ) has them running for the exits. Maybe by design to get more “ progressive “ people in line with the government into those professions?