-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Horrifically sickening incompetence. What are all the DCFS $billions$ spent on? How long can jb get away with blaming rauner?
from the article—“National data also shows 6% of children spent five or more years in child welfare systems. In Illinois, 26% of children were in the system that long. Illinois ranked last nationally in reunifying families within one year. It ranked second-to-last nationally in getting children adopted and out of the system within two years.”
You expect something different from a government Lackie?
The state of IL will make every accommodation to kill your baby in the womb, but does little to take care of them after they are born. Which ironically, is the same criticism they use against pro-life supporters.