-- Connecting the dots between our economy, government and business --
"For a close look at this educational carnage, consider Baltimore and Chicago, two cities where school dysfunction merits serious prison time for the adults who perpetrate institutional child abuse against their students."
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
When Chicago declares Chapter 9, the bankruptcy court should cut CPS’s $30,000 annual spending per student by a third and put $20,000 annually per student into education savings accounts controlled by parents.
It would be a start but still too high. Here is a list of all states from Public School review. Check out Illinois on the list and click Scales Mound school district at $60K per student. They have 255 students of which 7% is minority. And of course they have their very own superintendent.
https://www.publicschoolreview.com/average-spending-student-stats/national-data
Good start – agree. But, honestly, that price is as much as many really good, Private Prep schools in Chicago. Example is DePaul Prep is $19,500 and produces better results than public schools ever could. Cutting costs – absolutely agree with you, but really even at that the proposed discounted rate…the value is not there. No?
“These national outrages spring from left-wing, black Democrats’ disastrous policies”
“Atop this stinking pile sit black liberal Democrats who betray their own people”
Kudos to Deroy Murdock, for his plain-spoken truth. Sad.