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.
Well, I agree with tax reform but let’s begin by cutting off all spending on the public school system. It is nothing more than a a huge indoctrination program that makes previous attempts by socialist and communist entity’s at this kind of thing look like child’s play.
Ever wonder why each successive generation since the end of WWII was more screwed up than its predecessor?
Well you can thank the Public Educational System and National Education Association for that.
It’s time to shut this whole mess down and start over.