-- 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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Many Catholics voted for Pritzker, apparently not thinking deeply about what that would mean. Now the repercussions. They never learn, and it is hard to feel sorry for them when they chose that direction. Consequences.
They really believe that progressives just want to help the poor and save the planet.
It is a shame the teachers union controls this state – everyone thought it was Mike Madigan. This should never be eliminated – there are so many students that benefit from that fund. This money allow kids that would be trapped in a school district with a teachers union that doesn’t care about them to transfer to another school that does. And instead of “elearning” and watching their teachers dance on youtube – they can enjoy being in school 5 days a week – like most of the other states in this country!