-- 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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In Illinois, there is always a way out for the incompetent or guilty ones.
Sure, the Nazi-inspired approach is not to excessively ponder such things to spoil your plans for the day and kill all of them instead. Seem like a winner to you?
We are now in the world where everyone gets a trophy, and they don’t even need to compete. You can’t reward the best and brightest anymore, unless of course they check the right box, or better yet, boxes.
Do the teachers unions have any ideas on how to assess education? Seems like every time we try to measure something, they don’t want it measured.
You got that right