-- 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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Chicago needs to stop closing charter schools until they makeCTU start teaching students
If they need to make cuts, closing charter schools should happen. Cut elsewhere and raise taxes if necessary but CPS needs more money. All the people that think it’s so easy need to go teach or shut their pie hole and open their wallet.
Hmm.. noticed that you didn’t mention closing the 1/4 of schools that are far below capacity. You also failed to propose sacking higher paid teachers with a history of truancy and low performance from their students. And you skipped the part where CTU is DEMANDING obscene raises as part of their hostage note, er new contract. Illinoisians have been “ opening their wallets “ for years now with increasingly dismal results to show for it.
I didn’t mention cutting anything from education because that is the exact opposite of what should happen.. More money should be directed towards CPS not less. Pritzker should implement a tax on all private school tuition with all funds going to public schools. That way all the people that want to ignore the problems with public education can at least help provide financial support. Time to open that wallet a little more. NO CUTS to education.