-- 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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Don’t these teachers want the test results to back up all their bragging on how hard they have been working? Let’s see the test results and start cleaning house with ineffective administrators and teachers.
Here’s a link to the data from the 2019 statewide SATs. There’s some really interesting tidbits in there. https://reports.collegeboard.org/pdf/2019-illinois-sat-suite-assessments-annual-report.pdf ~44% the test takers were white, 13% Black, 25% Hispanic, and 5% were Asian. The SAT is required for graduation so its likely reflective of the overall high school demographics statewide. ~5% of all students in teh state scored above a 1,400, the highest test score range, but no Black students scored above a 1,400 on their SAT, 0%. Yes, the link says “0%”. For hispanics, its 1%. But 20% of all Asians and 7% of all whites scored above 1,400.… Read more »
Completely embarrassing for all the $billions$ spent, in all the rediculous +800 school districs, with all the current or future pension millionares…better for all the fake-equity hustlers to cover it all up and blame it all on crt victimization… but never, never ever cut off the gravey train