-- 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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Will the classes cover the Janus ruling and the ability to opt out of unions? Plus lessons in how to sue unions that violate Janus ruling provisions, claw back illegally stolen ‘dues’ and financial penalties to the Unions to discourage this illegal activity?
Somehow I doubt those topics would be part of the lesson plan.
May as well organize Young Pioneer groups in the schools with the kids wearing red neckerchiefs and caps with a red star on them. Pure Marxist indoctrination by these evil Democrats.
“Power corrupts; absolute power corrupts absolutely” This should be on the state flag.
How about the state motto?
Meanwhile, I believe HB1375, requiring HS finance literacy class has still not passed or is dead?
https://trackbill.com/bill/illinois-house-bill-1375-sch-cd-financial-education/2337232/
The Illinois ruling claque prefers to have the population illiterate – especially so when it comes to “matters financial”, so of course a financial literacy education bill will die on the vine…