-- 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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Don’t confuse education with a government jobs program.
Maybe some of those currently awaiting their guaranteed income check from the city can learn to drive a school bus?
During the St Floyd riots the only stores not looted were the ones that sold work boots.
Book stores.
Yet those bad parents refuse to move out of the city and give their children the better education they deserve.
Absolutely no sympathy for them.
The peasants better get used to socialism. This is how it works.