-- 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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NEIU is 1/2 empty. But state handed out giant pay & benift raise anyway. And I’m sure there have been ZERO layoffs. But now it’s all being covered over with big taxpayer $bailout$…..your classic Illinois gov/ taxpayer $ at work
Hopefully they will teach them the basic skills needed to earn a living. CPS spent tens of thousands of dollars per student and robbed them of their future. Should be a law against what they did to the students.