-- 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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This will be an interesting election. Chicago schools have disastrous results so will the people/parents head to the polls and elect individuals that offer change to the district or will it be the same old rehash with individuals elected by candidates backed by the CTU that will probably make things worse?
You have a pretty level head RB. I think you already know the answer.
As a city resident, i assure you it will be whoever CTU puts up. Currently even to find anyone to run for LSC is disastrous.
I’ll bet CTU’s problem is finding members to run in certain parts of town where non of them live
Pritzker’s favorite parasite slithers out from between Mr. Toilet’s sweaty, greasy fat folds to spew his master’s word. In reading this so called ‘journalism” I have to wonder if this tapeworm might be hoping to squirm into the lipid shelter of the CTU’s resident terrorist Stacy Davis-Gates. Watch out Miller: If your plan is to become a form of head lice know that those are hair extensions and they aren’t real.