-- 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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CPS is truly an awful environment for any student. Parents know this too as enrollment precipitously drops year over year. The only new source of students are illegal immigrants with no english, no job, no skills, no income, and zero interest in assimilating. Think about that for a second, the only growth in student numbers CPS can attain is by welcoming and accepting barely literate non-english speaking economic migrants who will contribute nothing to the city and only drain its resources. These policies will only further drive parents out of the CPS system. African-American parents should be protesting like crazy… Read more »