-- 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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When she’s a nun you’ll know they’re serious!
Of course. You need someone in charge who is one of them. Who understands how to grift and manipulate every aspect of the system to the benefit of the union and administrators. Someone who will make emotional decisions based on feelings and not reality. But hey, its all about the kids…
This is exactly what President Trump wants educators to do. Start really educating our children free from government mandates. States and cities take charge! Start by demanding 100% attendance daily!