-- 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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CTU is so arrogant and power mad that they think that they can make any demand at all and eventually Chicago will cave. So far they have been right. This disgusting band of thieves needs to be busted. Reconstitute CPS. Fire them all. Start Over.
Sure wish somebody at cps, ctu, or press could make the case that cps is understaffed for us tapped out tax payers? 297,000 non charter students / 25,000 ctu staff = 11.88 students /per ctu staff..how in the world is that understaffed? Not to mension 12,000 additional seiu staff, substitutes, contract workers, etc.. at +$21,000 per student spending. facts and $ figures mean nothing to ctu..crazy
Check out if you haven’t already “John Stossel Stupid in America 5-6-12” on you tube. The 5-6-12 is the air date. He has more video’s on public education. He calls the public school system “The Blob” Every taxpayer should see this!!
” ‘Our goal is to win the schools Chicago students deserve, nothing less.’ ”
Our pay raises and increased union membership are for the children!