-- 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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More thunder and lightning from a governor/ trust fund baby that lies at every turn and is about transparent as a roiled puddle and a desperately hanging on senator that will have to have his lucrative office wrenched from his Epstein list hiding, illegal alien enabling, convicted drug lord championing hands.
It’s not too difficult to understand that the Dept of Education has not done its job. Globally, America ranks 25th in math, reading and science. As Bill Maher commented on education, “China is eating our lunch!” China is first! Other Asian nations surpass America. Something needs to change. Too many of our children are not learning.
Sounds like education is incredibly expensive. Since JB is such a budget master, and insists on a balanced budget, it’s a good thing to eliminate the US Department of Education and let the states manage their own respective education process.
“President Trump has no plan to improve literacy, math scores, or get more teachers on the job. JB. Neither do you JB. What have you done to improve educational outcomes that will not cost taxpayers twice as much as it is now? What has the Dept of Education done since it’s inception? It is more like the Dept of lack of Education. To be fair we need to compare results from rural schools vs urban. Almost all large urban schools are severely lacking in all metrics measured. Then compare private schools which cost less than half of public schools to… Read more »