-- 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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Same as before, CPS is just daycare for people who don’t care about education and have no real future in life. It’s all one big self selecting process. Every family who cares about education and has real values goes to private school, moves to the suburbs, or moves out of state. CPS gets the leftovers, the people on the left side of the bell curve. CPS scores and attendance and all that stuff are so dreadful not (directly) because of “bad teachers” or CTU but because all the normies bailed and all that’s left is the bottom quintile of society.… Read more »
Somewhat of a chicken or the egg syndrome. Yes, the normies (and the right side of the bell curve) bailed, leaving the hard-to-educate in CPS. But why did so many feel they had to leave? Most figured out that what the CPS tried to sell as “education” was a joke. CPS and CTU destroyed education, then blame parents for leaving.
The normies and the uneducated class were never going to coexist in a single school district. A single school organization to govern three million people with wildly different values DOES NOT WORK. Good families who place a high value on education don’t want to be in the same building/classroom/playing field/school district in general with poor, socially disintegrated families and their problematic kids. All it takes is your son/daughter to be forced to share a classroom with ONE lawless pos from a completely effed up dysfunctional family and people quickly bail on the whole system. CTU has accelerated the self sorting… Read more »
I superficially tend to agree with you, but beyond that what you portray as a fatal flaw in how large metropolitan school systems operate also has a POTENTIAL positive for society if one is liberal enough to look for—and appreciate—it. By that I mean it’s one of the few places in our culture where people are forced to encounter, communicate and come to understand people with a different set of life realities and try to work with them harmoniously. Your vision allows and encourages people of like mind to form their own silos and ignore others. That may well be… Read more »
Yet another sad day for children trapped in Chicago Public Schools … and Chicago’s taxpayers.
Here’s the same article but from Yahoo/Trib with comments.
https://www.yahoo.com/news/chicago-board-education-votes-unanimously-032100089.html
Employment termination lawsuit is guaranteed, as would large pay-out to Martinez. More blatant mismanagement and financial stupidity of Mayor “captive of CTU” Conehead Johnson.
Who will organize the recall petitions? Wirepoints blog operators could spearhead this. Johnson is utter failure as mayor.