-- 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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But the commie CTU will not cut a single penny in payroll but only ask to increase it.
Smart people wont buy a crappy product. My surprise is that the declines are so little and not way bigger. There are many parents brainwashed into thinking their kids are getting a good education at CPS I guess. Implement school choice and make CPS compete against anyone, if such competition existed CPS would lose miserably and have to actually get better. Instead they will fill kids days with CRT and graduate them to high school at 3rd grade levels but full of hate.
This is a positive trend. We need to end this charade once and for all. Attrition is as good a way as any.