-- 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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If ever there was an institution that needed competition it’s the American public school system -‘- everywhere.
Have the per pupil funding follow the student and we will soon see an end to public teacher strikes, low educational attainment, and all sorts of wokeism masquerading as education.
A side benefit will be the instilling of Judeo Christian values and the end of active shooting drills.
This is the best hope for inner city kids getting a real education