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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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One word solution – vouchers.
That is a lot of taxpayer money going to a board of education that doesn’t educate a single student. It only exists to throw money at the teachers unions.
Well, I guess we could go back to the mid-1800’s where every teenager was eigher home or out on the street and with no assigned adult supervision. There would be no more public-supported teachers’ salaries or at least far fewer of them, but will be paying more in other ways that you won’t like either. Its another situation of “pay me now or pay me later.” If you want to live in a civilized world there is a stack of bills coming your way to achieve it.
Round and round
Vouchers
Just need the PensionPaidFirst tool to comment now about how “we’ll contractually have to pay and like it”, then we’ll have the dynamic duo of fail together again.
Well, let’s recall the sequence of how this whole argument works. First, someone decries the never-ending reports that CPS test scores show terrible results, never guessing that test questions often are generated by Ph. D. candidates or the flunkies of same both of which clearly do not represent the average person or an average I. Q. Second, the argument is made usually somewhat implicitly that low test scores must mean low levels of learning generally even to include things not tested such as socialization, maturation, compassion, “common sense,” etc. Growth is GROWTH and not necessarily easily subected to standardized testing.… Read more »
..first governments should start making better decisions as what’s our collective reponsibility to educate our youth You are telling me a group of central planners will outthink the collective decisions of a large, dispersed population mostly wanting the best outcome for their own children? False .. government should not decide 1 iota of this. Vouchers and let individuals decide on their own for their own children, no government involvement other than enforcement of education vouchers for only education spend. The schools will compete for these funds. Those that succeed, fantastic. Those that fail, better in the longrun. Will there be… Read more »
Your take on it is fine with me. All I know is what you also know–the present system isn’t working well at all for inner-city youth at all if we are to take the college-grad tax-payer voters for it as our benchmark. Others who don’t pay tax or do so minimally may well have a differ set of expectations for their youth and how public monies should be spent for it, Personally, I tend to prefer ye old European approach where they give pass/fail tests at various levels and weed out the weaker students to different (less academic) kinds of… Read more »
Every outfiit in Illinois needs more money. But the money goes to pensions and with constitutional protections those pensions come first.
LOL Illinois voters and the ones who don’t vote
I suppose truancy officers can be thought of as a collections agency. Grab them delinquents, throw ’em back in school, state and federal dollars follow.