-- 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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Um.. newsflash! The CBOEd is another club with jobs for the connected that are above being repremanded , will receive a yearly pay raise and generous pension and are accountable to no one.
Article doesn’t say how many substitue teachers CPS employees?…as the mystery continues–why CPS can’t tell parents, students & taxpayers what CPS spends on substitues or what % of classroom days are covered by substitues all while CPS/CTU teachers will soon become highest paid teachers of any big city school dist nationally?
High pay for poor work and student outcomes No accountability. In the private sector a lot would be fired. Close under utilized schools and place the staff at other schools to teach students how to read.
They’re crap. There I just explained it perfectly.