-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Brownie doesn’t inspire much confidence in any one. Just kinda, sorta, maybe going through the motions of what a Chief should be doing.
Is he still here? I haven’t heard anything from him in a long time.
Who cares? Same circus, different clowns
When he starts enforcing the law, that will be grounds for his dismissal is basically what she’s saying? As long as he stays a meek Follower he’s ok I guess.
He should be
This is like college football. The best signaling event as to a firing is an AD saying, “No, he’s still our head coach despite the rumors”. Look for the superintendent to be fired soon.