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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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This piece was posted by accident. We flagged it internally because we liked it so much, but it is not about Illinois specifically, and we usually don’t post such things. But no surprise that you readers like it. Here is another one by same author on the same topic: https://lawliberty.org/edexit-we-shouldnt-let-the-education-crisis-go-to-waste/
Very interesting read. Put another way, the dumbing down of America won’t end well.
The dark ages was defined as the disconnection from the classics of antiquity. By this definition, the western world has been in the dark ages for over a century. The classics today are preserved by a small number of professors and conservative anon accounts on twitter.
Thank you for putting this up on Wirepoints. It gives an accurate description of the likely results of public education, given the current direction. But also some hope for the future of society. I was surprised to see that it was written by a Harvard professor. Maybe the tide is starting to turn.