-- 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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Illinois to takeover CPS that’s funny they cannot even run the state.
CPS need to declare bankruptcy and just let the schools close there won’t be any less learning.
Why should the entire state pay for CPS schools because Chicago schools are failing because of mismanagement? There are underutilized schools still open draining funds and nothing being done to improve teaching. And as far as test scores, the rest of the state is not doing better. Schools in IL not focusing on teaching reading, math or science. Stop passing and graduating students who can’t read or do math at grade level. Neither Chicago or IL are doing anything to improve education.
My first reaction was “it can’t be any worse.” Then I remembered this is Illinois, so it could be.
Pity the children and the society they will create thanks to inadequate educational opportunities.
Add to more bad new for old CTU/Brando & crew when this BLACK- south side Hyde Park lib, rep Tarver, has apparently had enough of the s-show along with everyone else. Never heard of rep Tarver, but he seems like an articulate guy.
Even J.B. isn’t this dumb. Or is he?
<McLaughlin Group voice> WRONG! NEXT ISSUE</McLaughlin Group voice>
https://www.youtube.com/watch?v=koFlWXgX52E