-- 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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BTW, Ms. Gates, there are actually non-POC students in Chicago’s schools. Imagine that!
“If our mayors, including this one, can’t keep Black families from leaving by supporting and funding Black communities and educating Black children, then they have failed Black people,”
This makes no sense … President Stacey Davis Gates is the head of the Chicago Teachers Union that represents the teachers who are failing to education black children, so who is she blaming?
As far as “supporting and funding” communities, does she realize how much money has been spent to support black communities with minimal impact? Perhaps more money isn’t the answer.
Yep and you’ll never hear a word about fatherhood in the community…..