-- 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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What would happen if everyone decided to home school or private school? It would not be illegal many do it. Would the school district still be open or shutter their doors. Do they still get paid? If so taxpayers would be livid. All classrooms empty. Think about it. $7 billion in tax dollars would stay in our pockets every year. What could we do with that kind of money? Property tax bills would be less than half without school tax’s. How would the city pay for their portion of pensions? Improbable Yes! Impossible No! Massive corporate sponsorship by companies like… Read more »