-- 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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On the one hand, this fake history crap really bothers me. On the other hand, it doesn’t really matter what you teach these kids. The students in CPS being taught this nonsense mostly read and comprehend far below their grade levels, if they can even read at all, and the chances of them even remembering the obscure slave ship of 1619 vs. the actual non-slave holding Puritans of 1620 is probably is slim. The problem will however, only arise in the future, when the students who actually paid attention in class suddenly realize in adulthood, after entering civilized society, that… Read more »