-- 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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Not a word out of Ralph regarding the fact that public school’s success at teaching children to perform at grade level in Illinois is a well documented, pestilential, disastrous failure. “More taxes, please,” says Ralph. “It costs a lot more to teach 2 out of every 10 kids to read-n-add than it used to.” I’d love to see grade-level academic performance in public schools catch fire as a national campaign issue in the 2024 election cycle. What’s going on in our public schools is a tragedy. Won’t though. We’ll read a lot about who’s-in-who’s locker room or potty, and they’ll… Read more »
What a deranged angry person to attack kids.
…and an absolute muppet. Taxpayers get the bang alright.
So he quotes a study that Chris Lubienski was involved with to make his point. Chris Lubienski is a liberal hack. https://twitter.com/CLub_edu
Crooked Union Mouthpiece Ralph Martire Want To Take Away Scholarships From Low Income Kids, Lock Them In Failing, Union-Controlled Public Schools
So, let’s create a thought experiment… You have two choices for which car you buy… One costs 2/3s of the other… The less expensive car has no airbag, doesn’t work 50% of the time, uses old technology, and has windows and mirrors that cannot be cleaned (and arrive mostly dirty). The other, more expensive car is safe, works, and gets you to your destination… Which car company would attract more investment? Would anyone buy the inferior car? Nope. Now fund the crap car with tax payer dollars… Yep, that POS can exist in perpetuity due to the funding that comes… Read more »
Ralph once again demonstrating he doesn’t comprehend opportunity cost. Those students on scholarship have to be taught somewhere. Throw that student into a public school classroom and it immediately decreases the teacher student ratio and adds typical associated costs with added enrollment. So it’s not like the entire tax credit is recoupable.
LOL Investing in public schools means only one thing: paying teachers more money. That’s all that it means. Give teachers more money with no accountability. There is literally no metric by which they will ever admit their failure, it’s always a leap of faith to believe that things will improve ONLY if you give teachers more money.