-- 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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Brag about graduation rates is pure bs. They just push the children through the system . Teachers get paid 12 months salary for 8 months of supposedly 12 months of indoctrination
IL will never require public schools and teachers to actually educate students. Just keep the indoctrination going. Democrats want the population uneducated and dependent on the government so that they’re more easily controlled. These kids don’t stand a chance for a decent future with Pritzker and the Democrats in charge.
Just pass the students through the system. Education be damned.
How much learnin’ does anyone need to produce unwanted children, fill out welfare forms or engage in crime as a profession?