-- 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 confuse education with a government jobs program.
Screw CTU. CPS will be 1/4 the size it was 20 years ago and it will only be left behind minority children continuing to be failed by CTU and CPS by 2025. Never a more worthless, destructive and hateful group of incompetents has this city ever seen then the CTU starting with the loud mouthed land whale Karen and her lap dog Jesse to the savagely destructive Stacy. It took Daley and Rahm 30 years to whip CPS into shape and make the public schools good enough to attract families from the suburbs and the CTU destroyed it in less… Read more »
Because CTU’s level of success can’t compete with the charter school’s ability to actually TEACH children the basics.
Given a choice, how many parents wouldn’t want to send their kids to a superior school?
Time for a federal probe of CTU