-- 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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Yep, the idea is dead. Illinois is surrounded by state governments who have embraced the idea of school choice. So, what’s wrong with the Idea Illinois? Isn’t it all about the kids? The unions have stopped School Choice and even expanded their war on anyone even mentioning the idea. The article talks about Black and Latino children being hurt by not having a choice, but this is an across the board problem. All parents should have a choice for their kids and should be able to direct where their tax dollars are allocated for that purpose. Districts and teachers unions… Read more »
Sounds dead-on to me, Paul.