-- 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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Amazing.. $27K per student and not one student reads at grade level. That is stunning. Ironically, we have to listen to the CTU criminals and Harris tell us how wonderful everything in education is and why we all need to pony up more cash for the Kids. This should be the Poster Child example of why everything we hear from them is a lie.
YOU CAN’T POLISH A TURD BUT YOU CAN ALWAYS ADD A SPLASH OF GLITTER AND CALL IT A MASTERPIECE.
Illinois politicians are expert at spritzing the world with a coat of sparkle to distract from the underlying stench. They convince their voters (at least the 20% that turn out) that reality is dazzling, even when it’s a fairy tale, blissfully out of touch with the real world.
The “-1 Goons” shun reality.
And… 1/3 of the teachers send their own children to private schools!
You would think they would know how to home school.