-- Connecting the dots between our economy, government and business --
At Wednesday’s meeting, Jianan Shi, head of the parent advocacy group Raise Your Hand for Illinois Public Education, noted that only seven weeks remain until the end of the current quarter. “Let’s not rush into hybrid learning the same way we rushed into remote learning."
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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