-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Looking at the graph in the article shows the Latino and system wide decline started at the same time a certain angry, foul mouthed, bloated land whale took over the union and then accelerated as her bolshevik lap dog took the reigns. It’s almost like parents of all races hate communists indoctrinating their children while holding the families hostage with the never ending threat of strikes, slow downs and work stoppages.
“The vast majority of the students we see leaving are leaving Chicago,” Interesting article. The author and other interviewees speculate that the students have moved to different neighborhoods, or moved out of Chicago to Cicero or Aurora. But are the students really leaving Chicago? Maybe they are just chronically absent. The chronically absenteeism rate jumped exponentially during the pandemic and did not fix itself. For example, in Cleveland, nearly half of students have missed 10% or more of school days just so far this year. A distant relative in Minnesota told me that the quiet scandal in her school… Read more »
Stop the tribalism and recognize MLK’s essential individualism — content of one’s character. Discard race and ethnicity and the rest of identity politics and consider each person’s interests and skills, recognizing that people mature at different ages and that many grow up with disadvantages which work against their easy adaptation to our society. If we are going to retrain teachers, at least educate them about human development in a segregated society and provide a reality matrix that discredits the idea that utopian ideas can work successfully. Humans have already tried cultural revolution and it has failed. Land reform and expropriation… Read more »