-- 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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Grab a broom! The day-to-day sweeping, board refresh, and trash removal can easily be handled by students, leaving the heavy cleaning and floor maintenance to professionals.
Growing up in Chicago we took turns walking the trash out to a common point, and regularly swept our classroom floor and weekly we dusted surfaces.
Consequently, very little debris was dropped … because we knew WE would have to clean it up.
We were responsible for our environment – a good lesson for life, eh?