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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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New Trier’s woke (though we didn’t call it that at the time) Seminar Day five years ago sparked the first movement against this nuttiness in K-12 schools, with countless parents’ groups now modeled roughly on New Trier Neighbors. Let’s hope this doubling down by New Trier also sparks a doubling down by opposition from parents around the country.
Thanks for the link Mark. This is really great post and a great organization! Hope!
Lest anyone doubt the source of the insanity, every school district is making it crystal clear.
Local underfunded, grass root conservative groups tried to get the word out, but were swamped by well organized progressive groups with email blasts and signs, and they all voted early and by mail. There’s 3,000 progressives in my town, they vote every election, they’re concentrated mainly in two of eight wards, and because of their high turnout, they control all the city wide elections, but can’t quite take over the city council because they only live in the rich parts of town. The middle class parts of town are far less engaged and have far fewer progressives. That’s why the… Read more »
Hmm, and I bet they vote often and even when they’re dead….
Highest paid Pensions in the State.
Send these obtuse parents to Millennium Park… Seriously. How brilliant.
Division
Entitlement
Intimidation
‘Nuff said.
That’s really good.
Can’t take credit for it – read it in a letter to the editor in the WSJ.
Kinda says it all though, doesn’t it?
Wow! Equity comes to the North Shore – they want your kids.
Unbelievable what’s going on there. Bizarre, really.