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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 education business in Illinois (through their unions and corrupt politicians) has worked the system hard to leverage all the tax money they need to increase pay, benefits and retirement pensions to a point of ridiculous. This reduction in standard scoring appears now to be reducing the level of effort needed to teach and to make sure the statistics of student performance shows progress. More or less moving the goal posts to get to the appearance of improvement, with actually getting there. There is lots of discussion about “what is standard” and shouldn’t there be a different measurement method to… Read more »
Amazing how political animal Tony Sanders can ‘right-size’ when all the executive directors at the NITA/ex-RTA remain blissfully unacquainted with the term. To ‘right-size’ something is to make it suitable for either demand or capacity, depending on that which is to be ‘right-sized’. The difference is the NITA/ex-RTA executive directors need to right size their operation to serve their reduced customer base, while Tony wants to ‘right-size’ education standards in Illinois to serve the CTU and IEA. The effect makes a currently issued Illinois diploma worth less than those earned by previous generations of students. Illinois democrats, making Illinois students… Read more »
Is there any accountability whatsoever in education? The administrator and teacher pension racket is untouchable yet standards can be adjusted to suit narratives.
Haven’t we all learned by, say, age 30 that it’s an employee’s unwritten duty to make his boss look like a genius, and the boss’ duty to make his employees generally look like excellent performers more often than not or risk higher authority’s intensive scrutiny as to why not? Failure by either party tends to create jeopardy for both.