-- Connecting the dots between our economy, government and business --
“We need to make sure our educators‘ voices are heard when discussing learning plans, whether in person, remote or hybrid,” said Kathi Griffin, president of the Illinois Education Association. “We need to make sure every student, teacher and staff member has a safe working and learning environment.”
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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Why not, they are age 52 and have worked for 25 to 30 years 180 days a year. They are only getting $6,500 a month with 3% annual increases. They pay no state income taxes on this money.
The poor honest hard working taxpayer has to put in 40 years and work 240 days a year and gets only Social Security $1,500 per month with 1% or lower annual increases.
Sound fair to me.
Raise taxes if you have to.