-- 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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Saw this posted somewhere, and it sums it up nicely:
”Chinese third-graders are learning multivariable calculus. American third-graders are leatning that men can have babies.”
We’re doomed.
Compromising select schools with unqualified students is a disservice to students. The unqualified will be a drain on resources and frustrated while the qualified students are held back … and frustrated.
Affirmative action college admission studies show that unqualified students drop out when they are challenged beyond their capacity. If they had placed in a less challenging college environment they might have excelled. Instead, they fail.
What a crappy thing to do to kids, using them as lab rats in social engineering projects.
Chicago Is — Illegally — Using Race Based Admission For Selective Schools