-- 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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Relocation allowance? On top of collecting his state pension while working for CPS?
Another snowflake, soon he will be raped, abused and enslaved by the union.
It’s probably a good job. Good pay! If it goes sideways just blame Lori. If it’s a catastrophe her fingerprints will be all over the wreckage. She like a little kid who wants to push the button on the wall. She can “not “wreck something. Hmmmm might have something there?