-- 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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Four Words: Teachers Unions Own the Democrats. Bust public sector unions. As predicted by FDR they are a poison upon America.
Because it would require holding the parents and the teachers accountable.
Because it’s politically incorrect to identify poor performances.
Because purpose of public school systems is to provide permanent employment without imposing performance requirements.
Because Teacher Unions are a substantial source of campaign funding for politicians.
Woodson is a national treasure. Of course, his voice and voices like his are rarely published or heard in Chicago.
Bob Woodson, Thomas Sowell, Glen Loury, etc. can dismantle every progressive talking point with the sharpest rhetoric. Sadly, they would receive the “black face of white supremacy” Larry Elder treatment by the young black progressive leaders of this city who ironically, are the very examples of the success-despite-circumstances people Woodson et al are talking about.
Not true! Winning is contagious. The people running this city aren’t leaders.
This is great!