-- 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
I’m wondering why we don’t see more CPS parents objecting? Hmmmm!
To the parent who was “not sure who the board represents”:
The school boards represent the teachers and teachers unions. How much clearer do they need to make it? Now stop bothering them.
Very true. And they view their board positions as an opportunity to change and reform the systemically racist system and replace it with their own toxic progressive ideology. The far left unions share this ideology too. They really don’t believe they answer to voters. Voters can scream, yell, harass, sue and fight with the officials, and instead of recognizing the will of the voters, the board members see their job as instead to bend the will of the voters towards their ideology. My local school board’s oath was revised a few years back, and the first oath is to uphold… Read more »