-- 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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Brilliant idea from the Illinois educators. If the kids can’t meet standards simply lower the standards. Instant fix requiring no additional funding so that amounts for raises are not
impaired.
CPS is embarrassed by the low scores of students. CPS, CTU don’t want any proof that they are not educating students.
#1-Eliminate Common Core and replace with Khan Academy.
#2-See #1