-- 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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If Chicago parents are smart, they will form homeschool co-ops and free the minds of their children. Better yet move to save your kids from predators in the government school system
Gee Whiz,
Looks like layoffs are pending in the CPS/CTU symbiosis.
3 academic years of school lockdowns — critical race theory/pedophile grooming curriculum — teachers who don’t give a **** about students — this number should even higher
Obviously the amount spent per student has ZERO correlation with test scores, but these lefties just can’t help themselves. They continue to repeat the tired, old, lefty mantras from decades ago.
Spinning CPS’ declining enrollment as a good thing for the remaining student body that’s becoming whiter and whiter is certainly one way to spin it.