-- 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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They’re too stupid to use tools. Since the days of Lotus and Word Perfect, everybody wants the software to do the work. It doesn’t work that way kids. It doesn’t work if your mind is empty. They just want somebody to do their work in the name of school newspapers for kids who can’t read! Oh Bo Ho!
Seems like this is providing students (and teachers) a great lesson in the value of free and open source software. As well as one of the downsides of centralized technocracy. “[T]hey create these big, broad-stroke policies without necessarily thinking about the nuances and who’s affected,” observes a faculty advisor.