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.
Does anyone know the math of for every new $1 in property tax increase, how much of that dollar goes to pensions vs. current services?
Cradle to grave is what many expect.
There are no benefits where the CTU or NEA are concerned, only losers–except of course for the teachers themselves.
Who are these losers?
Enough! Shut them down permanently.
Global warming is a grave concern and the world will end soon.