-- 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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What’s the turnover rate for teachers of color based on the racial breakdown of the student body? Are Black teachers more likely to leave Black students behind to work in a predominately white district? Are Black teachers more likely to leave the teaching profession period?
Heaven forbid we look at the actual data. It might produce a result not favorable to our perception.
7% is a statistics rounding error, this is nothing more than a $2,000,000 grift.