-- 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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I’d like to know who, if anybody, is sending money for this woman’s legal team? Any deep pocketed Republicans could get excellent publicity for doing so. There is no American political party that cares about much of anything anymore. It’s all just theater and I want a refund for this awful performance and script. Both Democrats and Republicans will leave you dying on the side of the road.
I am embarrassed to say I graduated from Palatine HS, even if it was over 30 years ago. Mind you, this bunch of bilge is AFTER they were best known for having a student not know what bathroom to use (look it up) and it being a nationwide story. I did not know this teacher as she started long after I graduated but if she is doing any kind of fundraising for legal expenses, I am brave enough to contribute, though I don’t think it will be GoFundMe after they showed their true colors with the Kyle Rittenhouse case. Frankly,… Read more »