-- 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
Ironically, the link produces the following:
“Item not found in CMS_IISNews_LOB.
Correlation ID:6b00299f-97c3-c037-eef8-3e61bdb7755c
The query could not be executed because one or more identifier values could not be converted to the proper type. The exception was: ‘System.IO.InvalidDataException: Found invalid data while decoding. at Microsoft.BusinessData.Runtime.Identity.DecodeElement(String s, Int32& index) at Microsoft.BusinessData.Runtime.Identity.Deserialize(String serializedIdentity) at Microsoft.SharePoint.Portal.WebControls.BdcUtility.FindEntity(IEntity entity, String finderName, Object[] userValues, ILobSystemInstance lobSystemInstance)’.”
But seriously, tax dollars for undocumented students? Shouldn’t Mexico be paying for their education?