-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
How can that be??? Illinois is the abortion capitol of the Midwest maybe the country so what are those things you call children?
Fetuses aren’t children weirdo. They don’t need daycare.
Certain groups in Illinois get free food, medical care, housing, utilities and many other assorted benefits. Perhaps when they speak of equality some families are getting way to much free stuff making other families suffer.
Poor people aren’t the enemy.
Yes they are, they are the Democrat’s voting base, and they tend to vote for whomever promises them the most free stuff.
Speculation: supply & demand enters into cost. For both spouses in a two-parent family to work, the spouse with the least earning potential must get a job that pays more than child care expenses. That’s not a problem for many upper income families. They “need” the child care to get the large family income boost. Those families are willing to pay more … and they do! (That’s also relevant to housing prices in locations with scarce housing inventory.) Result: caregivers are able to ask and receive more compensation and that ability increases the cost and contributes to the scarcity of… Read more »
Agreed. And don’t have a child until you have a committed partner and the means to raise the child properly. That may sound harsh but it’s the way things have to be.
You old white men have it backwards. A woman needs a man like a fish needs a bicycle. It’s just plain patriarchal to expect a two parent household is required to raise children. Just who are you, old white man, to judge the poor single mother, and criticize the way she raises her children? Maybe if we dismantled the patriarchal system, which requires the two parent households to raise children, the world would be a better place. “We disrupt the Western-prescribed nuclear family structure requirement by supporting each other as extended families and ‘villages’ that collectively care for one another,… Read more »
My world would be a better place if I wasn’t taxed to pay for other people’s philandering.
Well there’s a reason “single motherhood” was a stigma once upon a time….
Single motherhood is a stigma – among upper middle class families. Can’t find the study now but something like 95% of upper middle class children are born in wedlock. Single motherhood is a phenomenon driven almost entirely by the working class where a majority are born out of wedlock. It’s a cultural problem caused by expansive birth control, generous benefits to single mothers, fewer opportunities for working class men to earn enough to support families, and so on.
Ask any daycare provider in IL about the regulation and the nightmare that is DCFS. The site supervisors are glorified DMV workers, wield their powers arbitrarily, enforce the rules beyond the letter of the law, and aren’t responsive. They’ll nitpick you over square footage per child or the number of children sharing a bathroom (even when they’re still in diapers). The system is purposely designed to discourage the operation of a daycare center. The state also subsidizes child care for poor parents which pays participating providers pennies on the dollar (Child Care Assistance Program) and it’s a nightmare a bureaucracy.… Read more »
YES! And here’s the icing on the cake…. for the past 3 years DCFS has allowed early childhood assistants (who haven’t yet completed all the training and certification required of early childhood teachers) to supervise classrooms for up to 3 hours a day if a teacher is not available. Due to the shortage of teachers, many day care centers rely heavily on these assistants. Day care providers pleaded with DCFS to adopt this policy permanently in rule, and tried to get it enacted in law (the Child Care Act) but DCFS kept dragging their feet. Welp, a couple of weeks… Read more »