-- 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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From the CTU web site they are planning a Wednesday-11/8 “CTU – Springfield Lobby Day Veto Session” to bus members to Springfield & back to kill Invest In Kids during a school day on the taxpayers dime.
https://docs.google.com/forms/d/e/1FAIpQLScrbLdSjg3Yn571muXzmEiWzG8DPpBxs0LvlRVKgpHnH3I69g/viewform
Here’s from Second City Teacher blog reporting on CTU latest House Of Delegates meeting: VP Jackson Potter said in his report that Illinois is on the verge to be the first state in the nation to beat back vouchers. He noted that vouchers were first set up in South Caroline in 1956 to fund private schools with taxpayer money so white people did not have to attend schools with black students. The Invest in Kids Illinois voucher scheme is set to sunset at the end of the year and Potter believes they have the votes to make sure it disappears.… Read more »
Beat back vouchers citing some obscure, and probably wrong, fact about vouchers from 1956? Come on’ man, that’s malarkey! Our law is specifically created for low income students in low performing and overcrowded schools! The socialist/communist really truly lives in a world of make-believe.