-- 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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Chicago won’t even close schools with a current enrollment drooping to less than 25% of their capacity. That’s fiscal responsibility, CTU/DNC style!
But the CTU controls the state, Chicago will not close any schools as long as they have a single kid in a classroom. Of course if the could house, as they want, Illegals in a empty school with NEW CTU members running the whole show, they will want to open the already closed ones.
The baby bust has huge implications for colleges in the near future. Too many desks, too few students!
Once again WP Readers, don’t ever confuse a Democratic Party jobs program and donations slush fund with education.