-- 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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This should change the dynamics of public education as we know it . Many if not all K-12 private schools have learn at home protocols. High speed internet is needed for everyone. Khan Academy- Scholastic.org- TedEd and a few others have learn at home and at schools programs for those who implement them. Problem is that for many public schools are just highly compensated baby sitters for their kids. Who will teach the parents (many of whom are single mothers) on how to teach?
Think how much money CPS can save by using remote learning. No need for bloated administrative staffs, no need to pay huge heating, cooling and light bills, no need for school security officers and they could pare back the number of teachers. So many paradigms are being shattered with the virus, and if we come out of this OK things will never get back to the way they were before. If a restaurant is carry out only, they could reduce their footprint and have a kitchen no bigger than a food truck as an example.