-- 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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But far less than 30% of CPS HS graduates are academically equipped at HS graduation to meaningfully succeed at “college”, as indicated in low CPS test-achievement scores, and low ACT 18 – 19 average scores. Far too many CPS students are subject to social-promotion, grade-after-grade, failing to meet CPS’s already dumbed-down academic grade standards. Far too many CPS HS grads are functionally illiterate, unable to meet even 8th grade reading and math standards, as proven by those horrible ACT scores. Many of these “substandard-achievement” CPS grads will face repayment obligations for their student loans, despite absence of college diploma or… Read more »
Chalkbeat Chicago is the paid propaganda outlet of the crooked corrupt CTU and is race-hustling, hypocrite, liar President Stacy Davis Gates. Anything from Chalkbeat Chicago is an automatic fraud,
They must be referring to the small percentage that actually learn to read, write and do math.
The rest? Well, they are featured on CWB Chicago and are protected by the SAFE-T act.