-- Connecting the dots between our economy, government and business --
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"If teaching were baseball, I would have been sent back to the minors after my first year at Chicago Vocational High School...For my sophomore class in 1985, I thought S.E. Hinton’s novel “The Outsiders” might improve attitudes toward learning. Other than being white, Hinton’s characters mirrored my students in age, in economic levels, and in problems with gangs, peer pressure, dysfunctional families and self-image."
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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If you notice in the photo none of these guys made anything of themselves. Especially the guy on the right. LOL