-- 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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Why go to school when you can stay at home with your CPS supplied laptop and play video games?
And in other news 9 out of 10 doctors prefer Camels.
That’s a funny response, but those of “a certain age” will understand the reason for your choosing it, I’m fairly certain, Freddy. Other won’t presumably.
If Mayor Raggedy is still looking for root causes, I submit this as exhibit A.
Perhaps the CPS could budget for this fact and layoff 40% of the teachers and send me a property tax paid refund.
I wonder what the number of no-show teachers are? You just know that these slackers are abusing the system in anyway possible.