-- 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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800am clock in 801am what’s for lunch another hard day sweetheart at the job, how was lunch good 2 hr break
Say what??–, the states bringing in private sector workers from Deloitte to ides call centers while the state afscme ides workers are sitting at home doing who knows what while collecting fat checks??–crazy!!!….when is someone in the media going to file the foia’s to find out what all the afscme hero’s are doing?, meanwhile, in todays jb covid press spin jb says the state workers can work from home indefinitely….outrageous