-- 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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Step 5 is leaving Illinois. Just sayin..
Most folks in poverty go to step 4 having done none of the previous 3. They can’t attain step 2 as they chose not to attain step 1, even with cost free education and meals, councilors , dumbed down grading systems, etc. The traditional, proven version of step 3 is close to being outlawed anyway.
Chicago and Illinois fail on the first step-education. Both cave to special interest groups such as CTU, whose primary concerns are themselves, not students.