-- 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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And worse, not in the article, is that if one toddler in the class catches coronavirus anywhere – at school, home or wherever – the entire classroom closes down for two weeks. TWO WEEKS!
I’ve heard rumors of parents lying to daycare providers if their kids had coronavirus and saying “oh we took a vacation” or something just so the entire classroom doesn’t shut down for two full weeks.
How you can run a daycare and make money when a daycare shuts down classrooms two weeks at a time every few months?
IL is such a disaster of a state.