-- 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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CTU will NEVER allow this to happen. The taxpayers are a cash cow for them. Just shut up and pay top dollar for zero education. You son and daughter will be just fine being a criminal.
Don’t believe the poll as IL and Chicago regularly elect the most anti-school choice Democrats in the country. Perhaps it’s the ‘Stockholm Syndrome’ again.
Why isnt this question being asked state-wide? For Parents, this is a great idea and one that would have direct impact on the bloated public school budgets, causing them to get better or lose.