-- 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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Of course, any responsibly-managed organization would first close or consolidate any significantly-underutilized buildings before implementing a large-scale plan of installing solar panels.
I’m sure everyone agrees that if we have solar panels on the roof, the students will read better. And if the heat and air conditioning are powered by wind mills, their math scores will shoot up. We don’t need to spend any more money on education so long as we get environmental justice– if the kids can even spell those words by the time they graduate from high school.
Environmental justice. Justice for illegals. Justice for the overpaid activists seeking justice. Any education in that school system? Anywhere? Hellooo..
This is what happens when you let socialist rule, CPS is DOOMED.
CTU and CPS need to focus on education and not political issues. Schools are failing students, and they don’t care. Fiscal responsibility might be nice too.
Clueless CTU and CPS. Completely out of touch. When in doubt spend…I am surprised though…this spend isn’t more salary, days off or pension increases. They must be slipping.