-- 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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cps is just a giant $$ pit. End it and start over.
Clearly the parents’ fault.
https://www.youtube.com/watch?v=fHaELevEHFQ
Ode to the tottering town
Once again folks, don’t confuse CPS spending with education.
Another way for the CPS to overpay and underdeliver. Great way to steal money from the taxpayers. Results of all this spending- ZERO. CPS is DOA.
Yes they replaced the abacus with a newer one that has most of the beads. They upgraded the Victrola for an RCA black and white TV with four legs on it. They also replaced a broken slide rule with another newer version slide rule all for $308M and called it a day.
In the early 80’s, I worked at a new CPS High School that had a 3 bay auto shop. On paper, the school received 3 sets of tools. By the time they opened there was only 3/4 of 1 set of tools left!
Hopefully the computers will be put to proper use, such as watching transgender porn and ordering butt plugs and puberty blockers. It’s important to start such necessary activities early, in kindergarten or even preschool to prepare students for tomorrow’s job market