-- 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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Why on earth are charter schools unionized? That would make not really charter schools.
Rick- I still can not figure out why public schools are unionized. Who really owns any particular public school district? Is it the public citizens or union leaders and employees? These are public institutions that are run like private corporations-all contract negotiations are behind closed doors without any public scrutiny whatsoever until contracts are ratified. Maybe I need to start my own public school dist and everyone will be forced to throw money at me without having any say.
Another reason to privatize the public school system. According to the Illinois Constitution no public monies can go to any religious or sectarian organization. What if the private schools with religious affiliation would agree not to teach any student religious doctrine but only the basics. They could abstain from those classes thus circumventing Illinois law. If private schools would agree to this they should get public money. Every child has the right to a good education public or private. Think of it this way. Every public school district are run like private corporations. Very few are allowed in behind closed… Read more »