-- 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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IL needs to start supporting parental rights teachers unions and school districts are not the students parents and should not be allowed to make personal decisions about students. Schools should be transparent about curriculum and parents should have a voice in this. Schools do not have the right to hide information from parents. The school systems are failing, why does teachers think they have the right to raise other people’s children?
The unions don’t just think they own your kids. They think they own you too, and whatever money it takes to satisfy their demands.
Gates and Banjo don’t ever think before they speak. Put a mic in their hands and their mouths just ramble. It’s embarrassing