-- 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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Continue on line learning for CPS students with their teachers in the sunny Caribbean. Teachers deserve a nice tan, umbrella drinks and lots of nightlife.
32 Aldermen reject science!
So 34 out of 50 (68%) alderman have concerns about opening the schools. These are the people that represent the voters. Clearly the voters of Chicago don’t want schools open. CTU is again giving its’ voters exactly what they want. If the voters don’t want the schools open then that’s exactly what they will get.
You are correct.
Or maybe the unions are getting exactly what they have been paying for with their massive donations all these years – representatives who support what the union wants.
The parents, students, teachers and the union all want this.
Except the taxpayers who are footing the bill. They want the schools to reopen.
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https://chicago.suntimes.com/2021/1/3/22210720/cps-chicago-public-schools-pandemic-reopen-covid-mitch-mcconnell-letters
“Parents can’t trust CPS to open schools safely
Some 70% of CPS parents plan to keep their students home, learning remotely in January, regardless of the district’s promises.”