-- 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
Segregation at it’s best! Love this guy. That the folks who voted for him are so (similar to BJ, himself) ignorant and accept his “plan” – which adversely impacts THEIR children – is comical.
Increase the ranks of the uneducated, unqualified and unskilled to a majority, to what end? A majority that will seek to take from the educated, the qualified, and skilled. Who will benefit? The government they are being indoctrinated to support.
The only equation the CTU can calculate:
No high quality schools = Lower Chicago IQs = More Democratic voters = Higher teacher pay
Chicago Board of Ed attempt to disassemble selective-enrollment schools reflects poor educational caliber of both CPS administration leaders and tenured CPS CTU teachers. Many of these folks have average ACT 19 scores, degrees from 4th-tier colleges and universities, and resent “smart people”. Well-represented Governors State and Northeastern Illinois are two lackluster M Ed degree mills producing majority of CTU teachers. In DEI, public education environment, disdains “academic excellence”, views it as dishonorable goal. For many large city public school systems, “high achievement” is viewed as elitist, reflective of discredited “white privilege” values. CPS teachers historically have failed at competently instructing… Read more »
That’s a pretty complex (and accurate) analysis. Haven’t you heard? It’s just because the parents are bad.
Finland is noted as having great schools, new teachers are only admitted to the top universities . Smarter teachers = better schools
Won’t this significantly diminish enrollment of middle to upper middle class students in the city? I would think a number of their parents will decide to move to the suburbs, especially as private schools will discover even greater demand. The current system is flawed, but it does retain a cadre of good students. CPS likely doesn’t care whether these cohort stays in the system, but this cannot be beneficial to enrollment.
It’s simple. He lied to get elected.
Socialists like BJ want everyone to be equally poor and naturally also want everyone to be equally stupid.
Equity? Ho hum…it’s more like baby siting.
It’s such a given that people don’t even bother to comment. Sad.