-- 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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It would be more interesting to know the percentage growth of students attending districts where low income students dominate than the percentage growth of low income districts.
It will be the district with the most illegal immigrants, I guarantee you if you charted high illegal status against low income schools, the lines will track each other exactly. Cicero is a great example, parents there even stopped feeding their kids as they get breakfast, AND lunch for free in school, and they expect it as an entitlement. That’s not education spending, that’s just the free lunch.