-- 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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$30,000 per pupil. Most in the nation. This is what you get in Democrat Clown World.
Hmm, I remember brown bagging my lunch in elementary school and they had milk vending machine that charged a nickel. Is that passe now?
my parents must have been better off, I had a Roy Rogers lunch box,later on in high school it did get me into a few fights though.
I had and still have a Gentle Ben lunchbox now in the basement.