-- 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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Just a quick reminder that CPS’s credit rating is 4 notches into junk status
Sounds generous to me
Philly School District is finding that cyber-learning isn’t a piece of cake. How can that be, if the union types allege that cyber-charters are overcharging taxpayers and not teaching the kids anything?
https://thenotebook.org/articles/2020/04/28/the-diary-of-ms-b-tears-and-triumphs-inside-a-philly-teachers-virtual-classroom/
All the ctu heros are getting theyre pay raises as well to sit at home …oh, oops, sorry, sure theyre worken theyre tails off teaching remotely w zero oversight
Talk about being tone deaf. it goes without saying that staying at home and still getting paid makes these people really, really naive.