-- 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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IL public schools have failed. This is the Democrats way of covering this up. They should instead implement strategies to improve education . Fire teachers who have failing student classes. Teachers blame the parents. But the parents are products of the public school stem that never bothered to teach them.
“ Move the goalposts “? They’ve all but been torn down. Remember, one’s success makes those failures that didn’t even try feel sad, disenfranchised and underserved.
Don’t blame the goalposts , blame the kicker. In this case the kickers are the system and the teachers