-- 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 vermin of Teachers Unions can’t allow any competition. Competition and the free market would expose their theft, incompetence,evil, graft and criminality.
Of course CTU is against school choice. Chicago schools under perform and under educate students. They don’t want competition. They do not want parents to choose better schools than what they provide.
Education is a manipulated tax racket. but hey…It’s all about the kids…oh wait, no it isn’t, it’s about making sure parents and tax payers have no voice in anything having to do with education. Ridiculous. The entire education cabal needs to be fired and start over.