-- 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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So here is the real issue. Why are people having children and then, intentionally,turning their care, custody, and control over to the state in the first place? Here is a news flash, no on will EVER care more about your children then you do. If your plan is to get married, have children, and then place those children in daycare or public (or even private schools) then don;t be surprised when bad things happen to your children. You actually trust the daycare person, the school teacher with your children? If so you are a fool – period. The problem is… Read more »