-- 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
Oddly enough all these kids will graduate and get trophies. And with the push to eliminate standardized testing so the “marginalized” students aren’t penalized, they’ll keep right on moving up. This is how you end up with Vice Presidents of the United States that can’t even speak coherently.
No surprise at all. 90% of my middle schoolers are 2+ years below grade level. They were „in” 7th grade last year, but they didn’t „do” 7th grade. The repercussions of our idiotic policies will resonate for more than a generation.