-- 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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Awesome! One of the biggest selling points Naperville had going for it was the image of well run schools. The idea was it made paying nosebleed housing prices and extortionate property taxes worthwhile. No longer my friends, no longer. Well I suppose Naperville Dist. 203 will make things more “equitable” in the sense that housing values in Naperville will now crater to levels seen in Aurora, Bollingbrook, and Romeoville – Joliet. I have relatives that live there. Better stick the For Sale sign in the front yard and pack up the house before word gets out to the wider world.… Read more »
You might want to re-allocate energy from re-opening in-person learning to escaping the indoctrination centers before your child turns into Don Lemon, or stay and jump up and down with glee depending on your perspective.
Can you recognize a Culture War?
Or is there only a war if the President, media, and Big Education declares there is a war?