-- 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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Wait…Enrollment is down. Growth is negative. Trending is for people to leave CPS areas for other districts and school solutions. Fewer students…no need for all the teachers and administrators, buildings, etc…But costs, benefits and taxes go up. Clearly the system is corrupt.
Wait, they finally are waking up to reality?
Likely just stirring in their slumber.
Do the black and brown parents in Chicago as a whole actually concern themselves with the quality of student education?
Probably not. Their teachers taught them that they were oppressed victims who were entitled to be supported by taxpayers because of the sins of people long dead. They were also taught that it is racist to hold people accountable for their behavior. They were steeped in the tenets of progressive ideology, and they learned the lessons well. Who needs to bother with education when you are entitled and immune to any criticism?
Can’t blame people for absorbing the ideas they were taught by educators. In a way, they have actually become model students.