-- 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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The other things that are not being discussed concerning the schools would include faculty absenteeism, numerous faculty members defrauding the Government by filing phones PPP claims during Covid, equipment like the Covid laptops being completely unaccounted for by anyone and the reading and math proficiency reports that use percent of students rather than raw totals. Remember when a student body of 160 in a building built to hold 1200 has a 15% proficiency in reading, that’s only 24 students who can read. Concerned parents have found other opportunities and abandoned CPS.
Just realizing that now?
Katrina Adam’s all Parents hate to say this but your all a little late to the game, wake up parents this isn’t new news this has been going on for at least 20 plus years.
Yah think! Katrina is confusing a Democratic Party kickback mechanism with education.
If you want education for your children, beg borrow and steal to get them out of CPS.
To the CTU it’s all about their contract. Your children’s education? Not so much.
They have told us that many times here in their comments. They stopped pretending it’s about the kids and education a while ago.