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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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It is disappointing to have to move, but there is no way we will be a taxpayer in 2030 primarily because of the way Illinois wastes the resources they have – almost doubling spending per student in the past 8 years with ACT scores on a steep decline. And to be clear, this spending is only for public school because if you are considering sending your kids to Catholic schools – those kids don’t matter. Illinois is screaming for school choice and losing alot of good families, but clearly they don’t raise their head from the trough to notice. Who… Read more »
“Redefining student success”tells you what they are planning. That, and they want more money.
More programs, more studies, more groups, and of course more focused inspiring words as future-focused, inspiring, redefining blah blah etc. Next up the inevitable pops up regarding funding. The educators want more money again to fix all the ills that they promised more money would fix last go around and of course their current “more” things will fix everything this time around. When is enough enough? Just for once hold the educator’s to task for the classroom failures instead of the always “not enough funding” card. Those that are not successful based upon objective standards simply need replaced. Replace the… Read more »
I’m convinced that educators are the biggest morons that academic produces. Not gender studies majors who just work at Starbucks, or sociologists who struggle to find jobs teaching other sociologists. Educators come out, they’re all low to mid IQ, and then they set their sights on ‘reforming’ the education and make everything worse. Can anyone name even one, just one positive development in education in past 50 years? no, because there hasn’t been.
Yes, we taxpayers are so tired of hearing this broken record of how more taxpayer money will fix things.
Did CTBA/ Ralph Martie help draft Vision 2030 as well?, yet another pr-study stunt by $$$education lobby$$$ to extract even more taxpayer $.