-- 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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VOUCHERS. Let the parents call the shots because obviously CPS can’t do it
Throwing money at public schools without implementing policies to improve education isn’t working. Student test scores demonstrate this. Private schools do better with a lot less money. Maybe if public schools focused on teaching language arts, math, science, and history/civics, instead of progressive ideology. Maybe holding teachers accountable would also help. Instead, IL is lowering student proficstandards.
Mostly if not all caused by excessive pensions at a young age. The results for this money being spent is miserable at best. It is the largest generational theft in history. Steal the young student’s money and rob them of an education. Stacey Gates should be proud of herself, the leader of the public sector mafia.