-- 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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So, CPS is passing out 100,000 computers and 2000 internet hotspots and demanding that carriers provide free or reduced internet service for CPS students who can’t afford it, but only 60% of the students (noted in a previous article) have “logged on” (as they say) to continue school. I guess I am wondering whether CPS developed the software tools and updated course plans for a remote environment, have they trained and developed monitoring tools to make sure the teachers are actually doing something and defining what they should be doing? Simply throwing dollars and technology out into the population and… Read more »
Simply throwing dollars and technology out into the population and hoping everyone does their job…
That’s the progressive way.