-- 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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Understandable- Most of these kids are entering the trades. No college needed. Many are also starting their own businesses with seed money from Go Fund Me or venture capitalists.
They are future carpenters/plumbers/masons/electricians/etc in the making. LOL! Someone has to rebuild the cities when they will be burned down in the near future the way things are going.
Ask anyone in the trades right now and they’ll tell you that these barely literate CPS grads are wholly unqualified and unable to work in the trades. Putting the aside the obvious, that zoomers are lazy and don’t want to get dirty, those CPS grads willing to do the work, more often than not, have difficulty wrapping their underdeveloped CPS brains around the complicated technical concepts needed to do the trades. Not long ago, I had a plumber tell me that his company was perpetually understaffed, and when they did find someone willing to undergo training, they couldn’t do the… Read more »
“Someone has to rebuild the cities when they will be burned down in the near future the way things are going.” They’re not going to be rebuilt. When the barbarians invaded the Roman Empire, the aqueducts brought fresh water from mountain streams to towns hundreds or more miles away. The barbarians enjoyed the fresh water for several years until the aqueducts fell apart from lack of maintenance, because no one knew how to fix them. And now the aqueducts are ruins that we take pictures of for postcards. Look at some Chicago neighborhoods now, they are only half functional, and… Read more »
How is it that Illinois spends so much on schools but the get worse every year — maybe if Illinois Democrats didn’t load up the mandatory curriculum with lessons on sex perversion, race-based-hatred, and communist critiques of America, kids might be able to read at grade level