-- 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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Another reason to get rid of the Department of Education
The reports of Gen Z becoming more conservative is fueled by programs like this. Regardless of race, this is exactly why the Illinois graduates that can actually read and write leave the state. There are many more opportunities and lower costs at colleges across the country without the in-your-face politics, unions, and conservative bashing hatred. And these graduates won’t be coming back – the jobs have moved on as well. The sooner these programs disappear, the better off we all will be.
A similar “ No Whites Allowed “ program is under fire in Rhode Island. Can’t wait to hear “Kwamo the Magnificent” try and justify it and burn through piles of taxpayers money doing so.