-- 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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Silent alarms are not a bad idea. Providing some standard for them and then of course the funding to install these systems in the buildings. They are not inexpensive. The covid money is gone, so the districts, who are of course broke, will need another funding source.
Perhaps they should consider letting teachers be armed like other states are doing as well.
This state doesn’t want law abiding citizens armed, absolutely zero chance of teachers being armed! But if you’re a criminal or illegal, gun laws don’t apply to them.