-- 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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No real instruction or learning has taken place since March … while teachers and professors got paid per their contracts. The world didn’t end. Parents and children complained but dealt with the disruption. It’s past time to confront these unions, lay-off their members, fight their tenure lawsuits and regain control of public schools and universities. If it takes another year (or more) it will be worth it. We now know that smart and motivated students have online courses so that they can continue on their trajectories. And motivated parents can assist as needed. Understood that some parents face hardships, but… Read more »
“No real instruction or learning has taken place since March …”
You didn’t say what year. I presume that you are talking pre-1950’s…