-- 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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This is brilliant!!, but for Chicago lets take it one step further ,hand over all city grambling & pot licensing to ctu, hand over the closed schools & barely open hs on s & w sides through asset transfer to ctu as well. Ctu could then convert enpty gigantic schools/ hs into giant hydroponic pot grow rooms on top floors with gambling/pot casinos on ground floor. Cps student could be trained in herbology, probability theory math in gambling, etc. As a side benifit instead of expanding mental health clinics, local residece could stop in and took their brains out on… Read more »