-- 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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It would seem to me that all Chicago schools should be open to whomever wants to attend. That way there can be STEM oriented schools for parents and students who want to be stem educated, other schools that are more Sociology inclined with subjects that focusing on why certain people deserve things because of equity and diversity and other schools somewhere in the middle of those two. That way everyone would get what they want and feel they deserve. Equity and inclusion…Chicago style.
“But “new school progressives” understand equity to mean the elimination of the upper echelon altogether.”
Yes, but this playbook is not new. They’re eliminating the upper echelon for the purpose of remaking them according to their their vision. They’ll soon enough make their own elite upper echelon which they will fill with their own loyalists.
Equity experts don’t allow facts to get in the way of their perverse goals.