-- 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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Great idea, Billionaire Pritzker needs to be stopped! aka Commodus Maximus! 😮
Good ole May Day, dutifully celebrated by communists since Stalin and Lenin began putting on big military parades in Moscow. Perhaps Comrade Waddles can have one down Michigan Avenue with Six Percent and Gates flanking him on each side on the reviewing stage? It would be the most active the Loop has been since Six Percent was installed as Kommisar.
Stopping which billionaires? Pritzker and Soros?
What about teaching kids to read-write and do math at grade level or even above? Your budget is over $10,000,000,000 per year. There is no other school district that comes close in this state. Rockford’s school budget is $500M. CPS budget for 300K students is 1/4th the total budget for all of Illinois which has additional 1.7M students.
So tell us why you can’t educate 300K students for around $10K each which is more than the minimum per pupil expenditure the state requires? Many rural districts spend less than 10K per student so why does it cost taxpayers over $30K.
Because social workers, guidance staff, ESL teachers and all of the other special little things that are being done in schools to alleviate the parents of their responsibilities costs a lot of money. Education is a few rungs down the ladder from social justice, making every child feel special, giving them a false sense of hope that, yes!, you can all be rappers and professional athletes, and enabling victimization and a lack of responsibility for oneself.
Yep, this will be just another day of CPS students not learning reading, writing, or math. Like they’re not already way behind. When looking for jobs later in life, they better hope they become City of Chicago employees. There may not be much else available for them at decent wages.