-- 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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Meanwhile, Brando’s out stumping for KH in Nevada this weekend. Why in the world would the KH campaign want anything to do with him? Or, i guess he still goes over big nationally with the AOC- Liz Warren- Randi Wingding equity hustle set?
Who cares? Why does anyone continue to waste their time spilling ink about CPS? The entire thing is a cancer and it’s structurally unfixable. Everyone in Chicago who cares about education got their children out of CPS ages ago, all that’s left are the bottom quintile of society. It’s daycare for families and a make-work program for otherwise unemployable people. Continuing to plead for improvements at CPS is like shaking your fists at the sky telling the sun not to rise today.
The same futility is seizing parents in Detroit, Philadelphia, Seattle and elsewhere. The financially able opt to move or pay for private schools.
This trend can not end well. Who would want to teach in these systems other than those who have no options and who vent their frustration by electing nihilist union leaders?
Spot on!
To the rubes who down voted the above, please share your wisdom. Unload your arguments as to how anything that’s happening in the city could be considered positive. Oh, and for context, my neighbors are building a new place across the street (near north side) – Saturday night they had to call the police as some upstanding Chicago youth broke in and decided to tag it… Yep, city is killing it led by the Mayor of Oz, sorry, BJ the Clown.
Betcha a buck you got nothing.
Kwami should be investigating this and the Courts should stop it. This is bald-face corruption out in the light of day. This action by the Pin-Head is fiscally irresponsible, but I am sure, Johnson is too stupid to even know. He is just doing what he needs to do to take care of his Union, he will get his pay out at the end and walk off into the sunset, leaving a wake of debt and destruction.
I wondered where Kwame was in all of the misappropriation of public tax funding going on. Perhaps if he focused on IL instead of sticking his nose in other states businesses, he would have time to deal with the calamity in his own back yard.