-- 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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A year after the schools closed, the ISBE is now looking at getting our kids back to class. After a year of Illinois allowing kids to participate in sports but not school, the ISBE is worried about their schooling? If they were so concerned about kids, they would have made this stand in the fall instead of prioritizing the CRTL crap. The ISBE appointment process and authority needs to be removed or every one of their “rules” needs to go through a thorough debate process in the legislature. The ISBE is laughable and the entire country knows it. The voters… Read more »