-- 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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The Fed should keep the money. Period. Far too many tax dollars are flushed down the crapper on education in this country resulting in crappy results and a mountain of debt. The Education business in this country is out of control and singularly focused on getting paid.
Pritzker-follow federal laws and this won’t be a problem. Otherwise, keep quiet.
Hey Putzger . You sit there and fight Trump. Call him names . Then you ask him for money ? Is that how you did it with your daddy ?