-- 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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Here is the definition from the Constitution about public monies going to private schools. SECTION 3. PUBLIC FUNDS FOR SECTARIAN PURPOSES FORBIDDEN Neither the General Assembly nor any county, city, town, township, school district, or other public corporation, shall ever make any appropriation or pay from any public fund whatever, anything in aid of any church or sectarian purpose, or to help support or sustain any school, academy, seminary, college, university, or other literary or scientific institution, controlled by any church or sectarian denomination whatever; nor shall any grant or donation of land, money, or other personal property ever be… Read more »
They aren’t against it because of the constitution. They just don’t want money going to private schools when that money could be used in public schools. The voters choose their elected leaders and those leaders have decided they are against funding non public schools. If the voters want something different they will need to vote for different leaders.
Strange we do not see the same pushback on MAP grants being used at private colleges.
It is strange Nick. The state added a bunch of money to the MAP grants but somehow I don’t think they will be able to keep doing that in the future. I wouldn’t put it past Illinois leaders to change that down the road when they are forced to actually make tough financial decisions. Much easier to say you are cutting MAP grant funds to Loyola so you can increase funding to community colleges our public universities.
Yep, the temerity of taxpayers wanting no part of the progressive adgenda for their children.
Teachers Unions are a cancer upon America. Destroy them all. Start with the parasitic scum of the Chicago Teachers Union.