-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
If CPS and CTU actually educated students, maybe students wouldn’t go elsewhere. Quit playing the race card.
Open the schools when the district can meet payroll. Would that violate labor law or The Contract? Perhaps caring teachers would donate their time to assure that precious minds are nurtured.
The Great Disconnect: CPS spends over $30K per student and isn’t fully funded.
Stacy should be a writer for the Jacobin and certainly not be allowed near a school.
Davis Quote – “Black and brown families in Chicago have been subsidizing the education of students outside city limits for as long as the system has been designed to deprive our own children of equal opportunity.” What in the hell is she smokin? This is pure BS, made up by a grifter intending to create division and play the race card – every, single, time. The failure of inner city schools couldn’t possibly be the fault of the people living in the district and the things they teach their kids. Nah, gotta be those folks outside the City limits that… Read more »