-- 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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BJ The Race Clown says death of police officer and death of armed gang banger are the same thing
1.) I cant imagine CTU or SEIU allowing nonprofits to operate CPS schools after hour and/or on weekends without getting thier $cut$? 2.) Will Brandon push to put CPD officers doing office work, monitoring tech, etc jobs back on beat (I believe +600 officers) and replace with non sworn officer personnel? As Chicago is stand alone nationally in # of officers performing administrative duties.
Chicago’s a mess. Lot more likely it’ll get worse than it is that things will improve.
If Brandon announced that the sun was going to rise in the East again tomorrow morning, I’d wonder what had happened such that the Earth was going to reverse it’s rotation, and move my morning shades to the West side of the house.