-- 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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First $1M, then $500K, then $250K, then $100K. It is, after all, for the children.
This is another 3% tax from the people of Illinois to pay for F-ing schools. There will never be enough money stolen from the people of Illinois to improve schools. It isn’t a revenue problem, it is a spending problem. It is also a parents and teachers problem. The social issue with Parents and Teachers is something that cannot be solved with mo-mony. You cannot tax people into the poor farm and pay for more administrators, studies and teachers pensions to solve the social problem of parent participation, administrative bloat and teacher “give a damn”. The public education system in… Read more »
If this happens For Sale signs will go up and so will the Luxury Florida Real Estate Market.
Damn Stupid to chase out the rich job creators from Illinois.