-- 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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Studies have shown that any ratio higher than 5 students to 1 teacher is detrimental to student learning. Just kidding, of course, but don’t you find it pathetic that those of us who were Catholic grammar school students in the 60s in classrooms of around 40 students learned more than most CPS students today?
It’s even worse at the universities- both public and private.
There’s nothing wrong with Illinois education that a few thousand nuns couldn’t fix.
And a few thousand school staff working at Starbucks where they are more qualified.