-- 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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Fire them. Fire them all. Spend the money in court. Who cares at this point?, public schools are closed, no one is getting an education (or whatever they do in CPS), hell, lets have some fun! Fire them and lets go to court.
Chicago is dead! CTU will will be sorry in the end game.
Private schools, suburbs here we come!
That might be what they want. Put children in private schools means the same amount of funding divided by fewer students Excess funding means more raises…how can they lose?
Fire them Lori! Enough is enough!
I could be wrong, but I am persuaded that the CTU’s main aim is to diminish Lightfoot politically above all else. The CTU’s candidate was Preckwinkle, she lost soundly and this is all about payback. The conflict has almost nothing to do with education, and certainly not the kids. Lightfoot’s problem is that she is a fellow traveler on the progressive road with many in the CTU and wants to be seen as a consistent supporter of teachers, no matter how difficult the CTU may be. She will accordingly capitulate. Which brings up a related point. Being the Mayor of… Read more »
Yes, it makes you wonder just why any sane, intelligent person would want to be mayor of a city obviously in freefall. Just an extreme need for power?
You are a Lori lover with your talk of elitistism. She is an angry, incompetent, ugly, affirmative action queen who hates cops and white people. Call her for what she is….pure scum.
https://www.youtube.com/watch?v=VjzqO6UOPFQ The Wire: The parable of the bowls of shit: Tommy: I knocked off an incumbent mayor, Tony. That ain’t easy. Tony: National party has to take notice. Young and pretty as you are, I’m sure they got ideas. All you have to do now is run the city. Tommy: Tony, I gotta ask you something—why you didn’t run again after the first term. Nobody had the name you had, the organization… Tony: Let me tell you a story, Tommy. The first day I became mayor, they sit me down at the desk: big chair, dark wood, lots of beautiful… Read more »