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The unions claim the program strips money from public schools, but that’s nonsense. The scholarships are privately funded, and the Invest in Kids Act was part of a bipartisan bill that created an evidence-based funding model and provided $350 million a year to Illinois public schools. Since the scholarship program started, Illinois has funneled an extra $1.3 billion into public education.
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 last thing that Teachers Unions want is competition. Competition is the sunshine that exposes to parents, students and taxpayers the grift, sloth, incompetence, massive failure, educational racism and criminal scam that is Chicago Teachers Union.
CTU want to make sure that they have a monopoly on Chicago schools — schools that teach nothing of any value — and whose real function is as a money laundry for the corrupt Illinois Democrat Party and the union racketeers that dictate the party agenda
Be careful when ever you hear “it’s for the children.”