-- 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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Sorry-Off Topic but Illinois just gave more-much more incentives to Rivian probably from taxpayers.
https://www.yahoo.com/finance/news/rivian-receives-827-million-incentive-183603526.html
When I was in college I had a professor that said if you learn to read you’ll take orders, if you learn to write you’ll give orders. This sounds like a class in learning how to take orders.
I can’t help but think this “workplace readiness week” will contain no info whatsoever about how all these “workers rights” make it very difficult to run a business in Illinois.
I do like it that they provide info on apprenticeship programs and alternative career paths.
JFC, how about you clowns quit trying to indoctrinate the students and actually address the fact their math and reading scores suck.
yep…….spot on