-- 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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Stand up for your children! No masks!
Stand up parents! say no!!!!
Those parents that voted for “Uncle Joe” Biden and his Red associates can all just go suck an egg as far as I am concerned…
Bill, you have a point as far as parents’ voting, but it is the children who suffer the consequences.
Most Chicago students couldn’t identify their parents in a line up!