-- 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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If the parents got $53,000 per child they could hire private tutors and still have money left over.
Time to close down the CPS and save the tax payers some money. The school board has no vision. I’d like to suggest that. WP get copies of the curriculum guides for various subjects and publish what the norms are that determine what it means to be “at grade level” in CPS.
The criminal grifters of CTU don’t give a fig about educating kids and simply want to leech as much money from the taxpayers with as little work as possible. Their greed and evil are bottomless. School vouchers for all will fix this problem instantly. The more CTU members out of work the better for Illinois. With the Janus ruling all CTU members with a conscience need to leave otherwise they are complicit in this massive crime and shameful activity. A special corner of hell awaits them
WELL SAID