-- 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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Nah, CPS is way too busy to worry about bullies… they have a couple very important Education Business conferences to get to in Hawaii or Italy. Again – CPS and Public education needs to focus on the core directive – less administrative “help” and teach kids how to read, write, add, subtract, science and social studies/Government…and also, be aware enough of your surroundings and what is happening with students to provide some level of protection.
Get a lawyer and you’ll see the tape
And give the bill to Lucky for the lack of transparency that he’s always tooting his horn about.