-- 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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Blah blah blah. I know a girl who just got a 75k a year job , has no experience no training just a well known family member. Cut the fat first
75k isn’t that much money. Most recent college grads I know make more than that right out of school. In fact, the average starting salary for recent graduates of U of I was over 75k for the class of 2023. 75k today is the equivalent of around 60k before COVID. I’m guessing that many of you that believe this is a lot of money haven’t been in the work force for quite some time. Candy bars no longer cost a nickel.
Did you read my post. No experience. No training. You show me a HIGH SCHOOL GRADUATE, who took a year off to find herself comes home to this job. 75k . Maybe I was born in the wrong era. Or maybe it’s your kid
From her lack of credentials, that starting salary is at least $30K too high. This is another example of abuse of taxpayer funds.
Not another taxpayer dime until wasteful spending, political and DEI hires eliminated. Mass transit should be required to be fiscally responsible.