-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
CTU won’t allow CPS to close underutilized schools. CTU Alonso does teach students either. Look at student test scores. CPS needs to stand up to CTU.
Have to keep those UNION JOBS on the books
9,000 less students and 9,000 additional teachers hired during covid, to CPS that’s a perfect balance.
Reading the article would make a person think that no one at CPS has any idea about what they’re doing! Maybe there is an illegal alien with a felony gun charge somewhere who can help them.
And is REGISTERED to vote Democratic in Maryland