-- 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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Lori, You gave in! What did you expect?
This nothing but slight of hand. Lori would love an elected school board. Some naive dopes to blame. CPS collapsing? Don’t blame Lori. Local flimflammers and dice boys running CPS. Thank the Illinois legislators for foisting this upon CPS. Everybody walks away with a job well done!
Lori is ar her tipping point. She’s so universally disliked anything she says is assumed to be inherently false. I’d love to see a group picture of the elected board.