-- 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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Everyone seems to think teacher refusal to come back is about Covid. Its not about Covid. Teachers spend every waking hour of their careers dreaming of early retirement with pay and benefits. Well they’ve had a taste of semi retirement since March they simply don’t want that to end, they want that to be the norm. I said they wouldn’t come back 6 months ago on this forum. And ill say now that even when Covid is at a .5% infection rate they will still not come back. Todays infection rate is a low 8% pretty safe. I asked my… Read more »
Using military tactics for their assault on our society – probe for weakness, then establish a base to launch further action. Chicago and LA are weak targets, their assault will probably go off as planned.
The insurgents in Syria may have won the battle of Aleppo, but in the end, there was nothing left worth fighting for. CPS will be in worse shape as the taxpayers flee for school that, god-forbid, teach in person.
Yes, but they are not smart enough to realize that