-- 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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It’s like every CPS student failed their current grade and repeat it
Hinz is certainly right on this one.
Hinz is also spot-on about ctu out to get lightweight at any cost, even to the kids they claim to champion and even after lightweight gave them the moon a year ago…they don’t care. And this shows how ctu and fake progressive alderman are in reallity deeply linked to the machine of madigan & preckwinkle and the crew shamelessly using the pandenic to advance their political agenda