-- 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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“Starved of investment”. Give me a break. Success in school starts with teachers who can teach (CTU, this one is on you!). Success in school is likely strongly correlated to the value a given set (mother and father) of parents places on performance in school…
Instead of blaming a lack of funding look at the teachers and the parents…
It is mind boggling, in the age of almost unfettered access to information, that we blame this on a lack of funding.
There is no amount of money that would be enough. Give it all to them, every last dime – still would not be enough. Lets do this…We all work and give them our entire incomes and we live in a box under an overpass and it STILL would not be enough. School districts are a bottomless pit of cost and when they get to the point they have spent it all…they come up with another “program” and come back to the tax payers for more. No one ever tells them NO in Illinois. It will never end, there will never… Read more »