-- 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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Jackson Potter is a CPS “graduate “ so he can’t be faulted for not understanding the math when talking about the potential savings in consolidating students into buildings built to accommodate them. But I don’t understand why he thinks the subject should be banned outright because of the way things were done 12 years ago. The union shouldn’t even be in the discussion, this is an issue for the district to decide.
The city’s progressive policies are going to attract 80,000 more students with a projection then of 160,00 adult parents? Meanwhile, more middle class whites and blacks are leaving because of said policies.
They don’t want to give up the UNION JOBS WITH THE SCHOOL CLOSURES !!!
No taxpayers are coming to IL, just freeloaders. CTU just protecting their jobs, while not teaching students.
Like another Potter, Jackson apparently has been to wizard school and has all sorts of visions, spells and potions in regard to the future of the CPS. Perhaps his grand wizard/ mentor is named Gates?
Just illegals that won’t be paying for anything.