-- Connecting the dots between our economy, government and business --
Pandemic-era federal funding that helped stabilize the child care industry expires Sept. 30, triggering a crisis for providers and the families who depend on them. For Illinois, that could mean nearly 130,000 kids without child care, about 2,800 shuttered centers and over 11,300 child care providers without jobs, according to a study from the Century Foundation, a think tank headquartered in New York.
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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