-- 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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Maybe Evanston should expand its reparations program?After all, doesn’t money just grow on trees?
Perhaps they should request some of the reparation funds?
Maybe a non-union school after bankruptcy.
Shocking that a school board full of incompetent wokesters would destroy a school district.
Not to mention that D65 enrollment has tanked… IIRC there are about 1800 *less* students than five years ago. But of course, being libtards, the spending spree merrily plows ahead…
That’s the baby bust since before COVID. Parents aren’t having children these days, and it seems like the far left liberals are the least likely of them all to have kids. Doesn’t surprise me at all these schools in Uber progressive areas like Evanston and Skokie have dropping enrollment. The members of my community with school aged children tend to be further to the right than the average member of the community, and its not uncommon for families to have three or even four kids, which these days, means ‘right winger!’. In fact, I know of a handful of my… Read more »