-- 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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Few want to teach outside of the richest school districts, where they themselves can become rich, because today’s students are abusive, the administrations are incompetent, and the curriculum is progressive propaganda.
Sounds like a wonderful job!
Well they need those positions filled so the new teachers can pay the pensions of the old teachers. Otherwise look out for more real estate tax increases. The pension ponzi scheme is about to fall apart.