-- 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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The commie CTU is able to get away with anything because Lori is so stupid to think they will support her in her re-election. They will run racist ignorant, incompetent Stacy Davis Gates.
Is this a joke? Who could possibly be proud of a program that opens schools on April 9. Then we all break for summer in late May? These poor Chicago high school kids are just getting thrown under the bus by both the Board and the CTU. So a six week school session counts as a year in high school– if April 9 even happens?
Agree, I can foresee private schools expanding to accommodate increasing enrollment, and building more institutions outside of Chicago. Everyone in this state realizes that the public school system in Illinois is nothing more than a cash cow for teachers, administrators, and unions and they know it. When parents wake up and realize that little Johnny or Susie and so far behind in the basics of math,science,reading maybe they will wake up, but the good news is that they are highly educated in sex education.