-- 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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Education starts in the home, and as my father used to say: I don’t give a damn about what goes on in their home!
Where are the fathers? It’s why so many kids are on Medicaid, food stamps, etc. you need two parents. Loads of data on income, and education of the parents, etc. How can you have systemic racism in a system where the majority of admin are minorities? Davis Gates is like Kamala Harris, speaking in platitudes and recycling old tropes. Actually she’s smarter than Harris, she wields a lot of power and can get stuff done.
If someone is smart enough to get a degree in teaching they are smart enough not to go Chicago to be a teacher. There are better opportunities elsewhere.