-- 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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Simply put,this is asinine. More advanced degrees do not make you a better teacher, it does not disseminate information any better. Linear years of experience does not matter in stagnant subjects at all and is only marginally helpful in evolving subjects. The entire system is set up to reward teachers with ever increasing salaries for dubious achievements that do NOTHING to increase the amount of information that is absorbed and able to be applied by the students. It is a sham. Why are the taxpayers paying for advanced degrees for teachers in the first place? In the private sector most… Read more »