-- 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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Simply open a daycare, or a hospice. It’s the road paved in gold in America that our ancestors were promised. Nobody gonna come asking any questions. I was near Waukegan the other day. Was at the 5 Guys in Park City. Guy in front of me, clearly foreign, possibly Somalian, in his 20’s, wearing clothing and shoes and jewelry more expensive than my late model car. 6 months ago I would have said he must have family money or be really smart, have a good job, maybe a PhD at Abbott. Now I know he probably just owns a daycare.
Yep but let’s look on the bright side Illinois youths. You can improve your social mobility by simply leaving Illinois.
Social mobility requires an education. Illinois schools are failing miserably in this area. Pay top dollar for the teachers and get bottom of the barrel education.