-- 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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How do you expect The Children to learn when their poor starving teachers can only bank 40 sick days towards retirement? Now that teachers can use 244 sick days you’ll see students’ scores and school ratings rocket higher!
The cps school rating are way wourse than advertised by cps for the simple fact that cps uses different dummied up metrics and criteria than rest of state, like “environment & culture” wherever that is, to make schools look good to naive parents. Sure if you looked simply at test scores (which ctu & teachers unions are always fighting against) you would find pathetic results for all the $ spent