-- 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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One in three reads well, yet almost all move up to the next level at the end of the school year. What could possibly go wrong?
I know you’re being sarcastic, but here are some of the things you and I know will happen when the two-thirds enter the adult work force: 1) They’ll be surprised or disappointed they can’t get good jobs (unless, of course, they have connections); 2) They’ll become resentful of those who obtained the good jobs (you know, the ones who study hard, have work ethic, etc.); and 3) You won’t get the right change back at the store. On a more serious note, such subpar education of our children weakens our country and makes it harder for us to compete with… Read more »
If you can read and comprehend, you won’t vote for democrats. So in deep blue Illinois, why would you educate anyone?