-- 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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The negative votes are hilarious. One comment below talked about how the teachers deserved free child care…”if they were going to be made to go back to the classroom, then they should have free child care.” Unfortunately, these folks are absolutely clueless about the real world, entitled people with an inflated self value. They cannot fathom standing on their own without complete government and taxpayer support for their entire lives. Sad.
The downvotes are the squeals of a public sector union piglet terrified of being yanked off of the taxpayer funded teat and sent to slaughter.
The negative votes are clearly one person using a VPN downvoting using different IP addresses. My VPN has dozens of different servers I can use all around the world. I wouldn’t read too much into the large number of downvotes with no accompanying vitriolic comments. Because if there’s anything we know about pension grifters, it is that they get really, really upset and lash out immediately at anyone who suggests otherwise.
All the factual comments get down voted. More proof the Democraps live in their own delusion.
Wire points – another article w/ an inordinate amount of down votes. Guessing your work is being shared on some union echo chamber FB page.
Yes, and they respond like the nest of angry hornets that they are.
Yup, the teachers unions are very organized. The silver lining to all this is the impetus that all this has given to school choice, in other states at least.
I notice that there are no actual narrative responses or rebuttals by a single one of the negative voters. How iconically woke-n-progressive.
“We’ll just cancel everyone who doesn’t agree with what we want with a negative click.”
For my part, I’d like to thank them for making our case for us.
Spot on. CTU members are cowardly thieves who know that their crime is so deeply evil and obvious – taking a massive paycheck and then massively failing to educate the kids – that any hint of dissent must be crushed lest the rest of the population catch on.
Actually kind of funny that my post was upvoted. Guess they didn’t realize the “thanks JB” was sarcastic or didn’t read past that.
Expect efforts to hack Wirepoints, to out and cancel participants. CTU is probably responsible for the downvotes here. They no longer care about children, education, constitutional rights, the wisdom and need for varying opinions and viewpoints, or common sense. We still have to live with one another in the same sinking lifeboat.
Wow! To show how far Left Pritzker is, Lightfoot sounds like the voice of reason.
Families must try their best to leave.
CTU must be busted. All members tossed to the curb and jobless. Teachers Unions are the most evil and corrupt of public sector unions. Destroy them now. Frankly, by being members of CTU, they should all lose their teaching certificates. CTU is no longer a labor union. it is now a terrorist organization.
Another example of why the foundation of Illinois’ pestilential bankruptcy of finances and governance is public employee union’s two-handed, white-knuckled, chokehold on the throat of Illinois’ Democratic party.
This, and the fact that election after election the message delivered to Springfield by the cumulative “wisdom” of Illinois voters is, “Thank you sir! May I have another?”.
I find the negative votes interesting. I wonder if it’s people who disagree with my judgement that public employee unions control too much of what passes for “good governance” in Illinois, or that public employee unions and their lickspittle politicians only get away with it because most of the people who vote in Illinois continue to empower them.
The negative votes are interesting. Mark, any insight to the source? Or are the vermin of CTU and IFT that very sensitive to any criticism of their thieving criminal scam?
They and their Brothers in Crime, the SEIU, are lurking in the shadows.
Maybe now CTU can demand free child care for teachers’ children. If these teachers are going to be forced back into the classrooms they should at least have free child care or at least let them continue to work remotely.
https://www.politico.com/news/2021/04/04/california-teachers-childcare-coronavirus-478972
How much of the cut will JB want for himself.?
All of it
As more and more leave Chicago, the last laugh will be on the teachers!! HAHA.
Nice job JB. Careful what you wish for.
Thanks JB, you’re helping my west suburban dupage home value. Not a single house in my neighborhood for sale less than $400k. They go on the market and sell within a few days. I’ve got realtors calling and texting telling me they have multiple buyers. Guess where all those buyers are from. This should help continue the exodus from the city. Keep kicking that pension can down the road too. That should get me a few more years which is when I retire and leave the state
Same with my neighborhood, where your grandmother’s 1960’s spilt-level is sellilng for about half a million dollars. Not sure how long this party will last though as people continue fleeing the state. The education may be ‘better’ in DuPage County, but it’s still Critical Race Theory awful.
I can’t help but think that the population of CPS, in decline over the years, will be subject to a freefall. Not all of it can be laid at the feet of the CTU, but some of it can (crime is a big causation factor too). And the decline won’t be pleasant. The under-utilization of buildings is a real problem, and while the CTU will bargain to keep schools open, that will only make the schools very expensive to run and far less pleasant and with skinny curricula. CPS and the union have to be aware of the pending decline.… Read more »
Have to chuckle. CPS just lost 15,000 students in 2020 and CPS and others know they will lose even more this year. Downvoted for mentioning facts? No better way to promote Wirepoints – so thanks
Signed just in time to feast off all the $ARP$ funds–I smell some type of HAZARD PAY deal in the works (because secretly thats what ARP funds are allowed to be spent on). Thanks jb for totally shafting lightweight, chump chicago taxpayers & homeowners, apparently he’s also going to sign the city fire fighter bump pension bill and cop pay bump bill…its never enough for our gaurenteeted upperincome lifestyle for the few at the expense of the many heros…social equity illinois style, nothing new.
Here’s the provision in ARP that im sure CTU will be lazer focused on for giant hazard pay-o-la payday$$ ,which im sure they’ll try and make permanent—“To respond to workers performing essential work during the COVID-19 public health emergency by providing PREMIUM PAY to eligible state, local or tribal employees or by providing grants to eligible employers that have eligible workers.” Will the cashier at walmart be getting any PREMIUM PAY???
The unhireable freaks and grifters that are the CTU are NEVER going back to work. They’ve won. They powned the little mayor and scared big ol’ Jabba. The good news it will drive more people out of Chicago and more students out of CPS and into Catholic schools.
Exactly, it will take some time but for sure It will happen the ctu and gang have put the nail in there own coffin I’m going to laugh my ass off when it happens
Grave mistake.
Finally Chicago teachers will no longer be railroaded by CPS. The playing field in now level.
Yes, but at what cost?
Debtsor–Debt don’t matter for PPF and his constituents. They’re GAURENTEETED lifestyle heros…debts always somebody else’s problem ,everybody knows that. But they can still plunk a blm sign in their front yard and claim to be all about social EQUITY and the working stiff….
Risk is someone else’s problem too. PPF is clearly an enemy democrap. Wake up people.
To all the negative voters, once again- does the debt for your services matter or is that always somebody else’s problem? How can you believe in an equitable society if you dont believe in equality (we all play by the same rule book–that debt matters, accural accounting matters)? How do you justify calling yourself a Democrat, liberal or progressive when you live by a differnt playbook at the expense of the rest of us? How do you look your neighbor in the eye or go to your chuch and believe in “love thy neighboor”? How do you justify putting the… Read more »
In exchange for being “railroaded”, CTU benefited from lucrative block grants form the state that were much larger than they would have been otherwise. They were paid handsomely and had no problem cashing those checks. If they wanted this power back, they should’ve paid for it. But unions are used to free stuff, so here we are.
How exactly have teachers been “railroaded” by the CPS? In recent time, it is the teachers who are doing the railroading!