-- 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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Lori owes Porky big time for this charade. Everything on Lori’s desk concerning CPS is pushed off the edge into the waste basket. This is going to screw up CPS even more! School boards! Just another academic hustle. Every renegade preacher will be elevated for their learned chops.
Corruption corruption at it’s finest
I just read an article describing how the interim superintendent is putting a full court press on making sure 100,000 students (!!!!) who are at risk for not returning to school in the fall do return. CPS’s population has already declined (and I don’t believe the figures they put out), but a decline of 100,000 would be cataclysmic. Heck, even 50,000 would cause real stress. Lightfoot has no power over the union, and with a new enlarged union dominated school board looming, it could be well that an enormous amount of resource will be thrown at very few student. The… Read more »