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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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“The departures, largely by choice, mean much of former schools chief Janice Jackson’s cabinet has left in the past year, including almost all of the school system’s top Black leaders.”
Ironically, the article fails to recognize that maybe hiring based on race alone isn’t such a great idea after all.
Or maybe those that voluntarily left are a bunch of racists who can’t fathom working for a latinks white man.
Either way, we’ll never know the truth. Because journalism.
“If those three African Americans are replaced by individuals who are not African American, of course that will give pause to people,” Ervin said Monday. Sorry Ervin, CPS is only 36% black and 47% latinks. In a world of racial quotas, it would be inequitable to rehire blacks to those positions because they now belong to latinks. Yes, racial quotas mean those high paying high level good CPS no-show jobs belong to latinks like a racial set aside in South Africa or India. Ervin knows all to well which way the winds are blowing but he’s powerless to set the… Read more »
Hmmm….sounds like he’s cleaning house after the wildly successful holiday Covid testing. Where does he go to backfill? Yea, Romania is thinking outside the box; Herkermer Homolka was unavailable.