-- 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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““Despite all of the things they may hear about having fallen behind, about this deficit-based perspective of the idea of learning loss, that is just not at all what I have seen from them this year,” he said. Instead, he’s witnessed gains in learning and a new kind of maturity from students who were already used to making the best out of limited resources.”
Yes, this is it. Kids can’t read or do math or balance a bank account, but, they’ve gained maturity while watching a chromebook 8 hours a day.
These are the morons teaching your children.
The same morons are running our state.