-- 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 most helpful “child welfare policy” would be to insist on attainment of grade level reading and math scores–but that’s a bridge too far. Morons, smiling for the cameras.
That’s akin to requiring doctors never to have a patient die. “Insist” is an unworkable goal here, but it’s an easy and surely popular piece of propaganda for superficial thinkers. You’ll be their hero for insisting on something not always attainable.