-- 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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this will educate more kids no doubt
There’s so many real issues with CPS, primarily the sexual abuse scandals, the union consolidation of power over the leadership, the pensions, the abysmally low test scores, the culture of poor performance. If they want to change the name of a school because its named after a white dude that legally owned slaves hundreds of years ago, I say go for it. But don’t expect me to be sympathetic to any of your other plights when you focus your energy on the least important and most inconsequential issues. The article even laments that “No one even knew the schools were… Read more »
It never ends. Let’s just blame Adam and Eve and be done with it.
Blame only Adam, Eve was a victim of the white male patriarchal colonial capitalist hegemony!!