-- 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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I am seeing reports that NEA members have voted in support of a resolution that teaching critical race theory is appropriate in schools, and they will actively promote this program. Union members have commented on Wirepoints stories about pensions, many of them saying that the purpose of the union is to advance the interests of their members. Presumably this extends to typical workplace issues such as salaries, benefits, etc. In no way should it mean that unions control our schools, and yet union members obviously believe that they should have this control. Please explain how unions believe that they should… Read more »
To anti-racists, the constitution is an obstacle to achieving their goals.