-- 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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That’s my wet dream. That a parent doesn’t have to pay twice to send a kid to private school. You’ll know there’s hope for Illinois if it ever becomes law.
Schools in metropolitan areas are a government monopoly, all monopolies become bloated and lazy. It is not school choice but school completion that will lead to improvement. Small districts and cities would not be subject to competition.
Damn. If Vallas had won we would not have the collapse our poor city is facing.
very true
CTU is terrified of competition because their evil fraud and sloth will be exposed. School vouchers for all will provide the sunshine that will burn this nest of vipers into ash.
CTU doesn’t care if it comes up. Sunshine won’t do a dang thing. They just want the money, as the CTU through the CPS is the vehicle through which hundreds of millions of dollars a year is funneled to teachers and black educators in Chicago. It’s all about the grift.