-- 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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CPS and CTU do not want it made public that charter and private schools actually educate students with far less money. CPS and CTU want failing schools to prevail, and not allow schools that actually educate students to exist. CPS definitely doesn’t want education examples of what actually works, and they definitely don’t want competition.
As I read the headline I thought…holy crap! CPS is actually going to sell property, which is what many here have been saying for years. But, of course, then you read the article…this basic and logical move by CPS comes with the Chicago Union control spin. The deed for these buildings states that they cannot be used as a charter or private school. No no, we can’t have someone buying a building that CPS couldn’t keep going and then turn around and compete with CPS and perhaps provide a quality education for students….no no. This shows you exactly who CPS… Read more »
My old Catholic school in Detroit became a charter school after the archbishop closed it. Yes we can!