-- 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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Unfortunately, for a portion of the so-called underserved students, the adage of “you can lead a horse to water, but you can’t make it drink” applies. Remember the needed components for success in most career fields: drive, focus, study and work ethic, and a decent level of intelligence. Good for the students who have these traits. They should benefit from this funding.
Learn a skill move out of state
All they need is a place to work!
And that’s going to happen in business adverse, Marxist IL how, unless it’s for a “green”/Chinese company that seems to get favorable treatment?