-- 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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Typical … destroy what works to make the education crisis even worse.
The gross mismanagement defies description and can only be attributed to a plan that we mere citizens aren’t privy to.
Pity the children.
While I fundamentally disagree with most of what Ford has to say, he doesn’t seem stupid like most other politicians of all races, colors and creeds (looking at you, Tammy & Dick). I wish he were on our side, instead of the Democrat side.