-- 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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Are we getting close to admitting that much of what is called “education” is only occasional babysitting?
At a certain point (and I think we have reached it) it’s understandable that teachers are demoralized, parents and students are discouraged, bureaucrats are helpless and the system is beyond fixing. Parents who can afford it will take their children out of public schools and the rest of them and their offspring will stare into the abyss. Instead of trying to fix things, liberal politicians and racial justice advocates will continue on their trajectory of organizing the dispossessed to vote the rest of us into continuing decline. Polarization will increase. Ben Franklin (a.k.a. Poor Richard) will again be vindicated: “It’s… Read more »
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