CTU President Karen Lewis at Wednesday’s City Club luncheon.
Cleveland and the Cubs were not the only ones hitting home runs on Wednesday.
On the heels of the 70% vote by CTU members approving the new contract with CPS, Karen Lewis spoke at the City Club of Chicago Wednesday afternoon.
“We can’t get a constitutional amendment on the ballot for a progressive income tax, but we can get one that puts funds for roads in a locked box,” she said.
Count on Lewis to say what others won’t say or can’t see.
Take the issue of Social Impact Bonds.
Social Impact Bonds are a program that has CPS pay Wall Street’s Goldman Sachs millions of dollars for every child that does not receive special education services.
Lewis forcefully addressed the problem with SIBS at her Wednesday talk at the City Club luncheon.
You can watch and listen to the entire talk in the Youtube video above.
For a $17 million investment Wall Street giant Goldman Sachs receives $34 million in return, said Lewis.
The purpose of SIBs is to make it difficult, and provide a financial incentive, to not refer students who need services.
For many students, the purpose of special education services is not to cure anything. It is to support and provide students who have special needs with the tools to make school a successful experience. Those services may last the entire time they are in school. That is not a sign of failure. Success cannot be measured by how many of our students no longer receive services. Success is measured by how well students with special needs do in a school setting.
The theory behind SIBs is just the opposite. Success is measured by how many special needs students are pushed out of services.
“They’re making it impossible to refer students for evaluation,” said Lewis.
What could the $34 million that went to Goldman Sachs do for CPS?
It could put 700 special ed paraprofessionals back in classrooms.
It could put a librarian in every school, which we don’t have now.
It could put a social worker in every school, which we don’t have now.
Thanks to President Lewis for helping shine a light on social impact bonds, a Wall Street scam that is an integral component of the Mayor’s privatization scheme for public schools.