-- 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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I sure hope that the CPS grad hires come from the very low percentage of CPS educated students who can actually read at grade level.
The irony, of course, is that many of these children live in self-segregated neighborhoods that are so isolated from greater society, that their school teacher may be the only white person they have any interaction with on any regular basis. Few outsiders travel or live within these neighborhoods, and unless they have a white family member, they may go weeks at a time in their neighborhood without actually interacting with anyone not of their own race. But CPS doesn’t care about that, they only want teachers for students that ‘look like them’. Which is really a racist dog whistle for… Read more »