-- 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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Isn’t it *amazing* how quickly democrats have gone from “Democracy dies in darkness” to “How dare you show taxpayers what their money is being spent on!” Lol…!!!
Betsy DeVos has a fix for all of his concerns. See https://www.thefp.com/p/betsy-devos-shut-down-the-department-of-education-trump-elon
Keep special education and jettison the other DEI jazz.
The Federal Government takes our money, after their cut of course, then returns the remainder with assorted rules and regulations on how we can spend it or they keep it.
Exactly right. This administrator sure didn’t make any case for having the department.