-- 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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Hahaha! Has the CTU ever called for a cease fire in Chicago?
Their call for a cease fire carries no weight!
Of course not, it is strictly virtue-signaling performance like most everything they do. If only they found virtue in teaching kids to read and do math…
Hmm, does the concept of victory get taught in the CPS anymore?
Old Joe, if this was WWII, Our Dear Leaders would be pushing for a “cease fire” with our Axis enemies…