-- 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
CPS needs to behave financially responsibly and close underutilized schools and lay of staff. They need to invest in students and education instead of CTU. It’s time CPS stands up to CTU and does what’s right for students. CPS could also lay off teachers who have students with poor test scores.
Pretty soon it will be 3 teachers to a student
We would need grown ups in the room to make this happen…from top to bottom CPS and CTU are corrupt, so expecting them to do this themselves and internally…not gunna happen. The change is going to have to come from an external source. Then the activism will start with protests and marches and and and…endless, pointless BS.
And union members are at their highest level. imagine that.