-- 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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Per johnson–“Johnson went on to say “our city must work together to create spaces for youth to gather safely and responsibly.”” — It would seem Vallas idea of keeping cps schools open after school and on weekends could be a giant help in giving teens alternative activities to tearing up downtown, shooten & looten. But with ctu/Johnson in control probably keeping cps schools open after hrs and on weekends would have to be staffed by ctu/seiu members making $giant bucks$ rather than letting parents or nonprofit keep schools open(that was the issue years ago when my kids where at cps)…like… Read more »
Ditto for Chicago Park Dist & Libraries
Parents! Where are your children?
This is the NEW crowd you can expect. Everyone else is in Texas or Florida.
This is the product of CTU.
Wow. A great start for our new mayor. Let’s not blame the rioters and brawlers. It is going to be a brutal four years coming up