-- 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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Just continuing the “ no fault “ culture being promulgated by Brandon, CTU’s main operative. Don’t demonize the non-little Capones when they are exhibiting the sorts of behavior mentioned. Don’t call the police when students are shot outside of the school and drag your feet on co-operating when they get there. Don’t expel students that, in all reality, aren’t there to learn and would be in juvenile prison in a less crime friendly society. Like most progressive policies, it’s all going swimmingly.