-- 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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And that is the good news.
I want a refund on my taxes.
On a more serious note, we need to fund the students and not the system, we need school vouchers. Of course, this being IL, a state that’s controlled by the teacher’s union, that will never happen.
The Illinois Progressive Caucus has proudly announced that because of their agenda Illinois has better schools. Liberals, progressives, democrats, whatever you want to call them, are simply insane.
Where Math is concerned, there is a real need to test the teachers.
Now that’s systemic racism….where’s Al Sharpton and JJ?