-- 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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Don’t believethe hype….. 1.) Meanwhile there’s tons of room/facilities ready to go for migrants in closed or barely used CPS schools in “disinvested” black community but no pol (especially CTU/Brandon) or press wants to bring this fact up? 2.) Why do pols & press keep sticking to narrative that the majority of migrants are being bussed from Texas by evil Abbott? When the reality is the vast majority are simply coming on their own as they have been for decades….even nyt admits vast majority of migrants are coming on their own (https://news.yahoo.com/gop-gets-democratic-border-crisis-173956994.html)