-- 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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How about paying one of the colleges to do it. Make it a research project and have them provide a study on all the reasons why it failed to make a profit. Most of us here could probably list a number of reasons why they’re not profitable but lets get it on paper and bullet point it for the simpleton politicians. Wait here’s a better idea let’s get CTU involved.
These will be nothing but a money laundry for City Hall Corruptocrats
Just another workplace initiative for political operatives to collect their checks.