-- 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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When Iast ran for office in my community it would have been far cheaper to write every homeowner who had a fire a check for 1 million dollars then pay for the fire department. I used 10 year figures and the average home value for those 10 years was 154K. So once again it would have been cheaper to hand every homeowner 1 million dollars for their 154K than the cost of the fire department. Pension abuse will continue until people wise up and start actually eliminating these once vital services. For instance the majority of teacher lead classroom instruction… Read more »
I would disagree about the value of having a good history teacher, live, leading quality discussions. Then again, plenty of the history teachers in our schools today think their job is political indoctrination, and indeed should be replaced by a screen.
Mark, I am not sure how familiar you are with virtual classrooms, but their are discussions…I am not talking about watching DVDs, these days actual group interaction occurs via virtual classrooms. The savings comes in when the remote teachers role is to facilitate the discussion about the instructional material that was disseminated via technology. So essentially one history professional can facilitate group discussions for multiple classrooms in multiple schools. For instance let;s say you have a history class that averages 20 students a classroom, that amounts to 5, 50 minute sessions a week. You could have your technology based delivery… Read more »
Fair enough. I am indeed behind the curve on that.