-- 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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Screw the students, keep the bloated CTU membership and empty schools, let them play with rocks.
Kids going home after school instead of being cared for by others than their absent/ uninterested parents. Unconscionable.
I get your point, but there is the situation where both parents have to work full-time to have a decent living for their family because of the high cost of living in Chicago, including the unduly high taxes and fees.
My parents both had full time jobs ( my father two at some points in time) and us kids were expected to do our homework, what was required daily around the house and generally stay out of trouble until my mother arrived home at 4ish. During winter break and all summer long we also managed to keep our noses clean, as the consequences ( remember those?) were less than desirable had we done otherwise. When we lived in a particularly unsafe neighborhood, we had jobs after school and on breaks. Letting the school system become a surrogate parent wasn’t an… Read more »
Your mother arriving home around 4 was nice. Most workers (white-collar, anyway) arrive home from the office closer to 5 or 6.