-- 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 not enroll in local public school within easy walking distance of home?
Oh, it’s academic achievement scores suck.
The CPS “selective enrollment lottery” policy created this bussing problem. If all CPS schools were truly “equal”, meaning equal in resources (not), equal in teacher qualifications (not), equal in facility equipment (not), then there’d be no need for student transportation services with exception of the set-aside Special Education programs operated out of CPS special-purpose satellite schools.
Spot on Street. Old Joe walked to school and these little darlings can too. Heck, it might even reduce childhood obesity.
On second thought if they had to carry their brown bagged lunch too that’d contribute to an even greater weight loss. T
If the CTU feels I’m onto something just give Mark a call and I’ll headup the student fitness department.