-- 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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Head start is a good program. But what’s the point when K-12 schools don’t teach?
As far as I’m concerned, all these “programs” should preclude any talk of restitution
Once an entitlement program has begun, good luck getting it discontinued as more and more people that thrive on handouts glom onto it, more staff is needed and the costs spiral through the roof. Head Start has been around for a long time now, and I fail to see how it made any children healthier or academically better for the most part. One look at diabetic 12 year olds and kids that can’t read or write at their grade level upon graduation tells us that.