-- 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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Paying Teachers Unions is not “investing”. It is equivalent to burrning money. School Vouchers for All is investing in education.
The future of Illinois is doomed. Already cast in stone. Penson time bomb is going off and there will be no money for anything at all but huge overly generous pensions to buy luxury homes in Punta Gorda. No one wants to stay in Illinois.
Don’t anybody confuse CPS with an investment.
Considering the Sun-Times is the source of the article regarding throwing more money at education one can be sure that isn’t the problem
Education funding has soared higher but results only get worse. Clearly, more funding doesn’t help
At this point with all the illiteracy of the students coming to light, I would say that more than enough is being spent already.
Teach them how to read a map so they can get out of the state ASAP.