-- 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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Well CPS is getting the vaccine and they aren’t even working. I suppose this “story” is to cover up the state’s negligence to seniors. All for a “pandemic” with a 99+% recovery rate.
Teachers are in 1b. Just like over 65, firefighters, police and grocery store workers. Nothing to cover up.
Teachers don’t work, they deserve nothing. And now they don’t want to go to work live at the high schools. They all need to be fired, lose their pension, and start all over again.
This must be another example where all those black people are getting an unfair advantage in line. Hahahahahaha.