-- 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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“Improving their experiences on CPS campuses.” WTF are these people talking about. Its friggin school. You go there to learn how to read, write, math and science. Their “experience” is what they make of it. At some point in time, people need to take control of their own lives and stop depending on the damn government or school districts to take care of them.
Catering to only a portion of the community isn’t very diverse, inclusive or equitable.