-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Another year of miseducation
Hmm, 7300 public charges at $30000 per illegal is $219 million per year just for school costs.
Folks, illegal immigration will bankrupt this country and you need to stack if you plan to die in dignity.
Yep, the math does not work. The tax method to fund education does not work. The acceptance of millions of people into this country who have never paid a nickel into the tax rolls to support schools, nor has any of their ancestors. Public school funding, using property taxes as the basis is based on generations of american families growing, expanding their families, working, building a life in this country…gradually over time. NOT at the flip of a switch the way the boarder is working now. This and the free healthcare of these people will bankrupt this country – agreed.