-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
CTU is strongest argument for vouchers, home school
Sometimes i take a look at the ctu’s website /press releases. They never once mentioned the taxpayer /homeowners. Also a lot of bragging about legislation they forced through Springfield to the benifit of their guaranteed no risk upper income members that local taxpayers are left out of voting for but have to pay for…but then again s. karp or any of the st reporters never mention the taxpayers or the astronomical sums cps spends to deliver substandard education to mostly low income kids of color either? EQUITY Hustle on steroids!!!
and the one other constant on ctu relentless press releases is they demand the $1.4 billion the city has left over in fed arpa $bucks$ be spent on them and not debt
The damage is done. It took Daley and Rahm 30 years to get high earning, big tax paying white families back into CPS and the CTU 3 years to wreck it. The exodus of high income families is real, and as the leave by the thousands funding follows. It will take at least a generation to forget the stench of Karen Lewis and Jesse Sharkey, two of the lowest scum sucking grifters to ever slither out of the socialist left. Good job commies, you wrecked CPS for another 20 years.
Whoever or whatever is elected by the ctu one thing is crystal clear. The quality of education for Chicago’s kids will continue the accellerating slide to complete illiteracy while being taught by the highest paid teachers in the world.
Are we going to count Chicago Mag’s glowing essay of Stacy Davis Gates as election interference or are we just gonna memory hole it?
It’s hard enough for challengers to unseat incumbents, even more so when mainstream media doesn’t give them equal time.
MSM is just propaganda by ultra-woke leftists, many who live off inherited wealth and hate America and it’s free enterprise system. This is why alternative media like Wirepoints is invaluable.