-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
If the only way you can survive and thrive is through filing law suits and in the courts…there is something wrong with the entire process, concept and arrangement. The entire district should be dismantled and started over.
The union never wants teachers evaluated on individual merit, only on seniority and degrees and collectively. No matter how bad a teachers outcomes are. Then when the CPS goes ahead and evaluates a group of them collectively they suddenly holler “look at my individual merit!”. The CTU is all about moving the goalposts every time they don’t get their way.
Quite the conundrum for CPS: Minority communities demand minority teachers for their schools > hire minority teachers > place those teachers in minority schools > schools perform poorly > close schools > fire teachers
If the goal is to have the teacher body reflect the student body (it is), then CPS is always going to have this issue. It is disingenuous to claim discrimination as this is results-based closures.