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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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Wow, you mean it wasn’t for the children?
Sure costs a lot of taxpayer dollars to keep the Marxist CTU’s academically dismal failing school system in operation.
I wonder why, with all the computers-n-software-n-teachers-n-tutors that CTU members can’t accomplish what used to be done routinely with slate tablets, chalk and primers.
Abacus worked well for thousands of year dated back to 2,300-2,700 B.C. in Mesopotamia
GG, you’re forgetting nuns with rulers!
I rented an inner city house in one of the most notorious zip codes in Central Illinois for 9 years. The block or two radius around my house wasn’t too bad. A few nicely kept older homes owned by elderly retired folks, mostly interspersed with other homes where people who worked were doing the best that they could. Beyond that – don’t roll down your windows or stop when you drive, and carry when walking. A Catholic grade school was on the corner across the street from my house. I’m not even making this one up – God’s truth. Just… Read more »
And paddles with holes in them. Ouch!!
The nuns taught 25-30 kids in one class. No high-tech … just chalk, blackboards, erasers, vintage books, pencils, and paper.
And we left school ready to either go on to learn more, or join the workforce.