-- 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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Not only about Narcan, the article also discusses proposed legislation:
“Through SB2222 the Illinois State Board of Education will present grants of at least $15,000 to school social work interns. More taxpayer money would be dedicated to a second grant program where dollars would be given to colleges and universities to hand out to students pursuing social work.”
Maybe a good idea, but how many students? How many dollars? Why not instead a forgivable loan program for those who graduate and practice in Illinois?”