-- 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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These outraged Democrat School board candidates should certainly contact CTU, AFT, and NEA about their concerns. Because it’s about the kids you know.
The Democrats and teacher unions at the local, state, and Federal levels; and woke school district administrators, woke non-profits, woke state boards of education, woke US Department of Education, woke activists, etc, have screwed up the public schools so bad that for the first time in decades they have some real competition, which they predictably label extremists, in several April 4, 2023 school board elections.
Democrats define extremism as being against gay pornography in schools. Modern day Illinois really is like living in an insane asylum, and it’s becoming harder for normal people to remain sane.