-- 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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My ancestors fled their homes for America many years ago before free lunch became the norm. My parents raised five children in private schools, we had zero disposable income. If you wanted something you needed to find a means to earn the money….work. Cutting lawns, helping people clean out their basement, baby sitting…..work. That concept escapes many people today. It’s easier to steal with zero downside until you’re ventilated.
We have paid enough in public funds to make every neighborhood school in Chicago a great school. The CTU will tell you their product is equal to all others. The CPS parents think their children are wonderful. Maybe we need a real definition of “quality school”.
My how those white supremacists are the biggest threat to the nation!