-- 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 greatest myth is that educational achievement correlates to dollars spent.
It boggles my mind that my 1st grade teacher Sister Jean had 50 kids and worked for almost nothing. She had to be pushing 60 at that time too.
She actually was on a mission from God.
When teacher colleges are churning out sub-literate Marxist Morons, having less of them is a WIN.
Why should anyone believe anything put out by any part of the education establishment? Woke madrasas.
No kidding, really.