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.
Let’s see….The teachers go on strike if they are forced to go to a classroom and teach. Parents are then stuck finding someone to watch their kids and the teachers are not getting paid. Normally this is a solid strategy for the CTU as it applies pressure on the mayor and the board to make concessions to get kids back in the classroom. However, in this case meeting the teachers demands still doesn’t get kids back in the classroom. All it does is get the teachers paid and kids are still home with no end in site. Chicago could save… Read more »
CTU are the worst of public sector unions. They steal form the parents while hiding behind the kids. Bust this union. Fire them all. Start over. The highest paid big city teachers in the nation deliver the most poorly educated kids in the nation. Throwing more money at the greedy vermin of CTU is the worst solution.