-- 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 local University graduates qualified teachers every year that can’t find jobs.
The same old hoopla designed to funnel money to the unionized teachers
I don’t believe this for even one second. My entire life I’ve heard about ‘teacher shortages!’ and the only solution ever suggested is more pay for existing teachers to attract new teachers! It’s like the boy who cried wolf.