-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I would expect graduation rates to improve with declining enrollment. I’d imagine most of those students dropping out were not on the path to graduation.
They are just passing the students through the system. No education value, such a shame, it should be criminal. The are stealing from the students and the taxpayers.
Great, too bad they can’t read!
Don’t confuse the CPS and CTU with education. They’re a government jobs program.
That’s why 90-some-odd % of CPS teacher’s performance evaluations claim that they’re doing an excellent job, even though less than 20% of their students can read, write and add at grade level.
How much sense does that make…..