-- 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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Why have school at all? The standardized tests show the failure of the school system. Disband it, save the tax dollars and life will go on.
Hey, that seems good to me! No more school taxes. There are some obvious downsides, though. We would have all the ramped-up problems that children with nothing to do all day are going to create—bad for civilized society generally and bad for them individually. We’d likely go back to the era of children working at young ages and being preyed upon in various ways because of it. Then, only the children of richer people would attend schools and have the greater economic advantages later in life that accrue from it. Then, due to that general lack of schooling the welfare… Read more »
Chicago schools will open back up after January 17th. If it’s good enough for IL SOS then it’s good enough for CTU members. The mayor can whine and complain along with all of you but it won’t be happening until at least after The Kings Birthday. Once that date rolls around Lori can say she reached an agreement because of her “tough” negotiating tactics. It’s all a show people. Plainfield schools closed today because of the surge. More will take place over the next couple of weeks. Loosen up your typing fingers as you will have plenty to complain about… Read more »
Good to know we actually live rent free in your head. Enjoy the state bankruptcy proceedings. Be a shame if your pension got garnished.
Even the presumed liberal elite are on board:
Harvard expert: ‘Schools should not close’ – Harvard Gazette
Wu=ith colleges now requiring no ebtrance exams you will see these individuals in brain surgery classes.
Oh we’re oh we’re is Pritzker you know the king of executive orders, the tyrant that says you will do as I say the Springfield leader that stuck his nose into the private schools and issued mask mandates and so on. Why hasn’t this hash tag of a leader issued a executive order ordering CTU and teachers back into the classroom why Pritzker why because your pockets were lined with campaign contributions your are a total failure Pritzker.
Yet magically all the kids will receive good grades and everyone graduates. The fraud being perpetrated by the CTU will damage all the lives of the young people entrusted to it. These young people are the most likely to stay in Illinois and get saddled with the task of bailing out this fiscal nightmare.