-- 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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Doesn’t he have a daughter. Love to know those test results. Poor kid has to listen to how to tax poor people while eating lobster
With this “mental health” program, if students are not sufficiently indoctrinated, they will be labeled with a mental health disorder. The parents should decide if their child needs a mental health screening, and their written permission should be required.
Why would flipping the script to opt-in rather than opt-out get the Democrats so upset? Do they see getting parental permission as an obstacle to what they hope to accomplish? Are they worried that parents won’t approve?
Everyone knows that opt-out will produce greater participation than opt-in. While some people will be adamant about opting out, most will just go along. In terms of effectiveness, the option to opt-out will produce greater participation and greater results. As an example, 401k participants are 40-50% likely to participate in their plan under and opt-in option vs. 85-95% participation rate for opt-out. If one believes that mental health screenings are effective and needed, the opt-out strategy is more likely to be successful. So it would only stand to reason that such a person would be upset by changing this. Schools… Read more »