-- Connecting the dots between our economy, government and business --
The Chicago Teachers Union is taking fire after a trip to Venezuela by a four-member delegation made the headlines. The CTU delegation knew exactly what political and economic system it regards as a model. As awful as they are, Chicago’s public schools have not reached the level of desperation the collapsing system in Venezuela has. But if the CTU is allowed to keep putting its socialist ideals into practice, Chicago may get there.
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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Those who do not learn from the past shall be doomed to repeat it. To which those on the left will always reply, “But Germany, Russia, and the rest of the Warsaw Pact weren’t practicing true socialism!” When your entire geopolitical world view rests upon a logical fallacy, you’re setting yourself up for failure