-- 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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the best of Illinois leaves. Those who remain fund the BS.
Solutions offered ………”changes to the state’s public education system to better meet the needs of an ever-changing workforce”. Apparently our educators are more focused on equity and telling little Joey he can be a girl. Too bad they don’t teach kids the skills that will help them get a good paying manufacturing job. Maybe once the teachers union figures out how they can profit from it they’ll institute some change.
Illinois’ Failed Education System Has Left Few Qualified Workers For Illinois Manufacturing