-- 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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In the Lake Woebegon School District all the teachers are above average.
Challenges in the CPS? Challenges like actually being competent? Challenges like actually having the ability to teach? The standards will be lowered and the bottom of the barrel will be hired for large salaries and eventual pensions. Remember that Mayor Brandon is one of them.
What about the edTPA assessment do you find beneficial for student teachers? This seems like removing a layer of bureaucracy which should be celebrated.