-- 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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Articale says in LA elected school board is stacked with $six-figure$ administrators. Why would it be any differnt in S-chicago? Are the elected school board members going to pay themselves giant salaries & benefits? How will any of this be funded by bankrupt cps/ Chicago?
The board will be like most other Democrat elections in Chicago and IL: here is your elected representative, and you must vote for this person because there is no one else on the ballot. Oh by the way, they are currently a union rep with the CTU too; and when they are ‘elected’ they will be in office until they decide to retire and chose their own replacement.