-- 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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Throwing the money in the Chicago River would be better spent.
Now all increase come along with HUGE pension obligations that are paid for another 40 plus years. Biggest generational theft in history.
Take the state and fed portion of CPS budget and donate it to Arizona. Let’s see what they can do with a few extra grand in per pupil funding. Chicago certainly can’t do much with it.
Hmm, a sense that there’s a few slow learners out there…..
I pray to see the day some politician decides to dissolve the contracts with teachers unions.
Their tears would be amazing.
Even more amazing would be how much the children learn and how little they are molested
More money wasted on pedophile grooming, perverted and degenerate sexualization, fake history, and race-hate indoctrination
And still, no one graduates with any education level worth talking about. The system is completely broken. Best thing that could happen is they close for the next decade. This way your daughters would be safe from the pervert teachers and the taxpayers will be safe from the greedy teachers who do nothing but whine for more money.
So far the only consequences for complete education failure have been to keep giving them more money. This despite their own claim that they can’t be expected to succeed in the job they are paid to do. But we are told that’s exactly what the voters want. Voters are chomping at the bit to throw money at the feet of this failure. Voters are just begging to give away their own possibility of retirement to make sure those who participated in this system are comfortable. Please, may I throw more money into your pit of failure? Yeah, right.