-- 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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Clearly, more spending and higher salaries aren’t the answer
We don’t know that for sure. Only one way to find out.
I might win on the roulette wheel too, and only one way to find out. But then I come to my senses and realize what a poor investment it is of my hard-earned funds.
Washington Post last weekend–most Americans are not taking week long vacations any longer, except for one group…….teachers:
“The first observation to leap out of the data is that schoolteachers crush everyone else in the vacation sweepstakes. Full-time education workers were about four times as likely to be on vacation as their full-time peers in other industries.”
–reference– Washington Post: The mystery of the disappearing vacation day (date-2/10/23)
I read that article too, and laughed. It triggered memories of the faculty stampede triggered by the dismissal bell.
… one of the most blatant examples of abuse of IL taxpayer money
Taxpayer do you feel like you are being screwed?
It is because you are.
Anybody who down votes me is an AHole. I’m smarter than any other commentator on this site and I know it. I know everything about everything so I post comments about everything and all of you are stupid fools. Shut up and listen to me, I’m just brilliant and you are not, deal with it.