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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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Leave CPS and Chicago all together!
Your children will thank you 20 years from now!
Dems do not care about you- just your money!
Implement a vax mandate for public school attendance and you’ll see many more enrolling in parochial school. Parochial schools are poised to make a killing in the marketplace. Go ahead, push the vax mandate button CPS. We need you to open up the education market to some other choice besides your crappy product. You are paid in advance via property taxes, you got your money, so there is no incentive for you to get better, ever, year after year, outcomes prove it. You can’t compete, and you know it CPS. Ask yourself this CPS… “Why do so many of our… Read more »
Parents were public school educators (admin and teacher) in suburban schools – I was a product of the same…
Living in the city, even with selective enrollment admission earned by my children, my parents agreed Catholic elementary and Loyola Academy were the better options. The impact of the unions, the lunacy of the school administration, and the lack of discipline required from the student body, made the decision easy – the Catholic option was a better value… And, it’s not inexpensive. At all.
Sure, I agree, but on average there are very different kinds of behavioral and attitudinal norms for the parents and students in private schools starting with the fact that both realize there is an extra family financial sacrifice while most see public schools as “free.” There is an old saying that few people truly appreciate things or services they see as free to them. In short, people tend to place a greater value where some sacrifice on their part to get it is obvious.
It’s true – the CPS kids are staging a walk-out today. They are a perfect example of useful idiots – suspend them. They clearly don’t value their CPS “education”.
The “free” part is too true.
Nothing is free – the sooner we dispel that belief the better our society will be. Even a parents love is bolstered by respect and gratitude…
People like to think a Cadillac is better than a Chevrolet. Maybe, but what is “better,” and to what extent do such people believe a higher price MUST mean something is better? I think a lot of it is the latter. Nobody want to think they made a stupid decision, do they?
Sadly, as we provide more “freebies” the cost of adequate will simply rise…
WGN, just heard the tv “journalist” describe the infrastructure funds as “Congress giving Illinois $XXX”… No, Congress doesn’t give their money, they allocate our tax dollars (or, in the case of deficit spending, our kids) to certain projects/etc.
We have infantilized adulthood and are just beginning to reap the “rewards”.
That’s the truth of it ultimately. A “freebie” is a cost shifted to someone else.