-- 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 colleges are dropping their admission standards because the student’s achievement progress isn’t doing too well in the Illinois school systems…life in Illinois goes on
This is pretty much true across the country. All the research coming out now shows the teacher mass exodus never came to fruition. The vast majority of teachers that said they were going to retire early or leave the profession didn’t go anywhere. It was all big talk.
Now, we’ve got more money being spent per pupil than ever before and student-teacher ratios are the best they’ve been in years. They’re running out of excuses.