-- 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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Most in Illinois want better education , but when diving it up , Chicago gets the most
Please don’t take a small segment of the population and try and sell what they want as what most people want- an end to funding hot beds of sedition that crank out overeducated baristas.
Most people don’t look at the salaries of these teachers at higher education, 300, 400+ is not all uncommon. Need a real supply and demand awaking on tuition or let some of them close.