-- 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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In reviewing the generous leave policy in the D65 teacher contract (see below), why is the district surprised there is a work staff shortage? I’m surprised this isn’t a more frequent occurrence. I mean look at that! Teachers get 12 sick days per year, and if they use 4 or less, they get those days back to throw into their already massive sick day bank. In other words, 4 free sick days! Damn right I’m gonna be sick on Tuesday before Thanksgiving! Personal leave days shall be non-cumulative; however, unused personal leave days will accumulate as sick days. In addition, each… Read more »
Sad to say, we are becoming a nation of snowflakes.
Buck up, Buttercups! Things can and will likely get worse before they get better.
The real reason is Black Friday sales have started very early this year. They are lasting for weeks. Over at Menards I was told their annual 3 day sale will last for 10 days. So shopping takes priority but the kids education can wait till after the holidays in 2023 or so. Maybe later if there are good deals.
Due to the backlog of container ships and a snarled transportation grid, you’ll want to start your Christmas shopping early to get the best deals while stores still have items in stock. 😉
Teaching can wait.
They’re sensitive and need more time near the fainting couch.
You really can’t make this stuff up…