-- 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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Moe,Larry,Curly and Shemp
Also Joe and Curly Joe.
Really…….. who cares….are they going to do a good job for a change??
Show these candidates a P&L from a lemonade stand and ask them if it’s making money or losing money. Watch them stare at it for five minutes and then guess at the answer.
They would think that’s the wrong question. They only want to know if the lemonade stand has a fully staffed DEI department, and a generous pension plan.
LOL, a list of who’s who of teachers, non-profit grifters and left-wing political activists. This will surely fix all of CPS’s problems.!