-- 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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CTU are among the highest paid big city teachers in the nation, working one of the shortest school years in the nation and produce the dumbest kids. Clearly there is no link between the money tossed at the CTU buffoons and student performance so call them what they are: Government welfare recipients. Or social leeches.
There appears to be no correlation with throwing more money at Chicago public schools and improving education for the children; so, for the three “we can take that” references, the answers should be “no,” “no,” and … “no.”
Allow a minor correction, mqyl: ‘no,’ ‘no,’ and ‘hell no!’
You’re welcome!
Crooked Union Control of government is poison for any business considering Illinois
Maybe they should spend less time on politics and more time on teaching kids to read.