-- 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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I wonder how much requested funding is devoted to further cultural theories that are in opposition to those the mainstream USA population has?
Great move releasing ISBE ‘summary of the funding increase requests’ for additional $100s of millions right after you kill Invest In Kids by never even calling it up for a vote…..but who would expect anything less from our dem machine overlords.
There is only so much money available. Any money that went to Invest in Kids is money that wouldn’t be available for public schools. So yes, it is a great move.
Jesus how much more money do they need, is it not realized that money is not the solution to the problem’s.