-- 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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The temerity of those poor folks. An educational choice for their kids? Who do they think are? The Obama girls?
Until black and brown people quit voting Democratic there’s not much hope. Notice how the only people that care about them are Republicans/conservatives. They need to make state representatives lives a living hell until the decide to fund the scholarships. This is stolen hope for a better future.
Scumbags all of you in Springfield scum bags
But overall education (unions?) are getting massive MORE $bucks—$250 mil for smart start, $350 mil for k-12, 100s of millions for univs..and on and on. Teachers unions couldn’t be happier. https://www.wcia.com/news/capitol-news/education-experts-thrilled-over-illinois-2024-fiscal-year-budget/