-- 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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They’re also failing taxpayers of non color.
Reading the headline I just had this gut feeling the whole thing had to be about money. Yep, and there it is with the “more government investment” lines we hear so often. Well just to let you know there are plenty of white children that are being failed by Illinois as well and when it comes to funding schools for some reason the Chicagoland schools of color seem to get so much more per student than we do here in downstate that are generally white majority. Heaven forbid mention the teachers or perhaps the people of color’s culture up there… Read more »
Everyone wants minority children to perform better. I certainly do, and I would suggest that everyone here on WP does too. This is a shared goal. However, the differences between us, and the equity grifters, is the equity grifters believe that more money is the solution to all of their problems, when you like pointed out above, it’sreally culture. Unfortunately, there’s no simple solution to higher test scores and better life outcomes other than, really, at the end of the day, a commitment to hard work and making not making bad decisions along the way. Students don’t just ‘learn’ to… Read more »