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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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JB the Hutt pulls the budget card out of his fat wallet? We didn’t even know he had it. Of course he uses it to hurt non government schools. He and his minions are Hell bent on trapping kids in under-performing government schools, proving once again that public education in Illinois is just another government job and pension distribution program, with the results for the students being a secondary concern. JB the Hutt has been spending freely, with the latest boondoggle being the billions committed to extending Metra service to Rockford. It’s millions now, but the spend will bloom well… Read more »
Teacher’s Unions do not want school choice. Thus Pritzker and the Democrats don’t want it either and will do everything they can to sabotage it. That simple.
Pritzker Is Trying To Kill Illinois School Choice — And Cover Up The Crime