-- 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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School districts are the worst offenders of no oversite spending ever. No matter how much money they are given from the tax payers, it is NEVER enough. We could give them ALL the money and it wouldnt be enough. There is more waste in the public school and state universities than anywhere.
Seems perfectly sustainable.
In Belvidere they have been replacing parking lots and curbs in many of the schools thruout the summer and considering many of these schools are newer they did not look like they needed to be replaced.
A school district with money is a little like the mule with the spinning wheel. No one knows how he got it and danged if he knows how to use it.
Freddy, Your right you have to continue to make North the Oasis in the corn field.
The funny part is schools finally received the giant influx of federal money they’ve been craving for decades, only for it to be temporary, inflationary, and subject to a tight labor market. So they can’t find anyone to fill new roles or laborers for infrastructure improvements, and if they do, they’re spending more for less.
This is all they have ever done. Spending money like crazy in our schools has been going on for decades. The money has been used to enrich themselves. It has not gone to educating our children.
Once again folks, Don’t anybody confuse a government jobs program with education.
Math is racist?
Unless public education gets its proverbial head out of its proverbial backside, we could lose a whole generation of kids. What a disservice to the children.
Bah!