-- 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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Eliminate 50% of the “Administrator” level positions and it would have zero impact on students, you know, those non-dues paying young people you are supposed to be educating, not brainwashing.
There is greed in America as there is greed everywhere. Greed in America isn’t found on Wall Street or corporate boardrooms, greed at its worst is found in union halls and Big Government
I hope they get it and that property taxes go up and up. Highest paid teachers in the worst school system means you will get really stupid kids. I hope your kids rob you of everything you got. Enjoy
What in the hell do they need more money for omg greed is getting worse everyday, vvsd365u just received around 10 million dollars in covid relief money and are going to receive more from the state from the new COVID relief package. What is going on with these greedy people, isn’t the 100,000 dollar club big enough, fire every damn one of them and privatize schools abolish the public school system.
Pay raise??? Wait – let me stop laughing first. Teachers haven’t worked in a year and the first thing they do is put their hand out. Fire them all and start new.