-- 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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As Johnson tries to show the CPS superintendent out the door. Stay tuned folks, this is going to be interesting…
The Chicago school system performs about as well as the old Yugo cars, but at a BMW price tag.
IF MAYOR MOPE WOULD TELL THE CPS CHICAGO IS NOT OPENING SCHOOLS THIS YEAR AND BRAKE THE UNION
Keven, no screaming with all caps, please.
THAT’S FAIR BUT YOU GOTTA SOELL MY NAME RIGHT LOL IT’S KEVIN NOT KEVEN
Interesting quotes from union leaders and members in this article. The union leader is frustrated that CPS is stuck in the status quo and doesn’t understand that the union expects transformative change. The union member thought electing Brandon Johnson meant the union would make “super extravagant” proposals and get everything they asked for. It’s no wonder that CTU produces dismal student results. They live in some alternate world in which their super extravagant demands will magically appear, if they elect the right people. People with such a tenuous hold on reality cannot possibly prepare children for the world that actually… Read more »