-- 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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With exception of its handful of highly-selective schools, CPS is a glorified babysitter for majority of its students. CTU represents highly-paid childcare workers earning white-collar salaries for often mediocre academic credentials and poor job-performance. A poorly-performing teacher remains employed until retirement, unless that teacher is CAUGHT committing a felony crime, or fails to abide by progressive-marxist agenda of Ctu administrators. Note Mayor BJ freely admitted he “never assigned homework”, “didn’t believe in grades”, and felt his teaching-mission was mostly “student empowerment”. Absolutely NO priority expressed for his students’ academic progress, or development of their learning skills. Probably little work-effort was… Read more »
Schools really don’t do to much to improve the communities they serve. Too often, they just reflect the community in which they’re situated.
More money just gets wasted in schools that teach nothing — the only benefit goes to Race Hustle Clown Stacy David Gates and the crooked corrupt Chicago Teachers Union
I believe WP may have done this before when giving the cost of keeping open less than half full schools – give a %cost breakdown of the per pupil expenditure and how that may of changed with the 53% increase. If that has been done can you please provide a link/ reposting?
Old Joe went to Catholic school for $25 per quarter in the 1960s!