-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
If they weren’t being paid until they opened, they’d be ready.
Absolutely, but your implication seems to be that’s the wisest decision to be made. Maybe so and maybe not. A lot of people have total conviction in what they say and do, but that doesn’t necessarily mean they are the smartest ones to make decisions where there may well be dire consequences. Maybe this is one such case. Something to ponder.
I saw Groot’s mouth move but I heard Sharkey’s voice.
Funny. I suspect that CPS will suddenly reopen and the Wuhan Virus lockdown will immediately end if Biden wins on November 3 but CPS will never reopen and Pritzker/Lightfoot will keep the state locked down forever when Trump wins. Because, you know, science.
This is fine, my kids have been at their in person school for over a month. The delta between their skills, and those of the CPS student body should become more pronounced over time. This just means less competition for those scarce jobs of the future.
Keep it up CTU, your intransigence is beneficial to those actually playing the game.
Every year cps looses students, last year they lost another 6,000 (at CRAZY–$23,600 per student w partial pension payment). Will be interesting to see how many students cps looses this year
The CTU wants more vacation and Lori must allow it. Thanks to all the Joyce and Vallas voters for giving us Lori. Hope your idiots are happy for sticking it to Daley and destroying Chicago by electing Lori.
The CTU wants paid time off to riot, loot, and commit voter fraud for Senile Joe
Florida opened, wide opened. Schools. No coronavirus surge.
Lib- De Blasio, Nyc reopening as well but battling same teachers unions looken for $MORE$$$$!!
We spent a good deal of time there this summer so the kids could be free. Had a blast, nobody got sick. Didn’t seem like there was a pandemic at all and their economy seems to be running on all cylinders. Now back home we are locked out of school remote learning and the wife is in my ear every day to just move to FL. Personally there’s only so much heat and sun I can take but I’m learning life under Democratic dictators is much worse. You used to make the argument the jobs are better here but for… Read more »