-- 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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Given the unprecedented number of free laptop computers that vanished from CPS during Covid, I’d like to see the losses examined across racial lines. Maybe certain racial groups are saying CPS has nothing to offer them.
Eugene from Based on enrollment numbers and empty classrooms, many concerned parents have already realized that.
” … they’re fighting address “systemic” inequities in the district, particularly at schools with predominantly Black and brown students.”
According to the website Chalkbeat, 11% of the students in Chicago public schools are white, 4.5% are Asian. CTU wants us to believe that “black and brown students” are suffering because the funding is going to the tiny number of white and Asian kids?
Maybe if CPS and CTU actually start teaching students how to read and do math at grade level it would help. Stop asking for more money, housing allowances and green demands. The could start teaching like the charter schools and be behind closing underutilized schools to provide more resources for students, instead of protecting there own jobs.
When all your other mechanizations fail and you’re exposed for the greedy, out of touch socialists you are, it’s time to whip out that race card with a flourish that would make Jesse Sr. , Revrun Al and Jusse proud.