-- 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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Gateszilla chews up and spits out charter schools exposing the ineptitude and total failure of the CPS in general at a clip that would’ve made her cousin in Tokyo proud.
CTU is being exposed by charter schools based on student test scores. CTU can’t have that. Maybe if CTU would focus on education and not politics and power, they wouldn’t feel so threatened.