-- 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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Why quit your CPS teacher job when you’re paid to not work? Free money.
You can tell which side was attracted to this article by looking at the down votes. I stand by the actual statistics presented by the US Dept of Labor: Public sector education has the lowest turnover rate of any job sector in the country. Always has.
Governor of Alderaan – your comment is on point as evidenced by the trolls trying to make it look like no one agrees with you.
Of course they’re not leaving teaching, any other job would require real work and accountability
And, just think, you could have been one, too! Bummer.
He has self-respect, and he can ‘do’, so he would never degrade himself in the ‘teaching’ profession.
There are a lot of very talented teachers in Illinois and there is nothing degrading about being a teacher.
Amen, Mike. Nowhere is the need to distinguish individuals more important than with teachers. Some are living saints, notwithstanding how despicable many others and their unions are.
That’s the modern take on it here in America, it seems. For eons it was quite the reverse and still is so in many other countries, I think. Is it any wonder kids don’t aspire to be teachers anymore. Lots of grief throughout and even afterwards. Be a hero and build a snow-cone empire!
Debstor, I used to tech part-time and I am damn proud of it.
I’m not stupid enough nor lazy enough to be a teacher
Yet, your anger betrays that put-down and suggests you have pension envy at the least, Then, by saying they are both stupid and lazy that could well be saying you have a feeling of having been passed by or feeling inadequately recognized in terms of your own career. I could well be wrong about you, but that doesn’t prove you right about them either. Me thinks he doth protest too much.
Compared to all other industries, public sector education workers typically have the lowest turnover rates, pandemic or no pandemic.