-- 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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A smaller class size will result in a higher graduation rate of kids that can’t anything academically at their grade level. The CPS forgets that many from days gone by are, unlike the current crop, smart enough to figure that out.
Re-enforcing to high schoolers that there are zero consequences to mediocre work, what could go wrong? Watch now for CPS President Gates to accuse Richard’s principal of being racist because she’s white and making high school graduation more difficult for her mostly POC students!