-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The CTU married for money!!
CTU is so perfect an example of progressiveness gone wrong that they almost seem like cartoon characters.
CTU is married to failure because so many CTU members failed in most aspects of life and end up ‘teaching’ because its the only way to get a paycheck. Its why CTU is socialist. Its why school vouchers terrify them because competition will expose their massive fraud. Bust this terrorist organization now.