-- 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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How about laughs? I think laughs would be appropriate. a person looking at this from afar can’t look at this with a straight face and not laugh. Your neighboring states are laughing all the way to the bank.
The applause came from the teachers in the gallery who don’t have classes to teach because the attendance is down but the amount of teachers is way up
How do you tax social media?
Good luck with that!