-- 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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These two numbers are moving in the wrong direction. The return on investment in Illinois schools is abysmal. Large percentages of children can’t read or do math at grade level. Throwing millions more at incompetent teachers isn’t the answer.
This is what is going on in CA for illegals trying to get a job without an SS card and in school.
https://www.yahoo.com/news/undocumented-students-hunger-strike-across-130000655.html
More money for schools is always the only solution.