-- 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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extortionnounex·tor·tion ik-ˈstȯr-shən
1
: the act or practice of extorting especially money or other property especially : the offense committed by an official engaging in such practice
2
: something extorted
Pritzker and Brando deserve each other. Two pieces of trash that don’t care what their “agendas” do to the taxpayers. Any chance they can be convinced to a duel to the death?
If Chicago wants the state to step in, CTU need to start with contracts similar to the rest of the state.
Still (too) extremely lucrative but not complete insane.
Starting salary 143K on what planet?
Please join us on planet earth. CPS teachers are not starting out at 143k a year. Their contracts are typically lower than the good schools in the suburbs. Teachers in the Chicago area won’t work for the peanuts that rural teachers accept. Educate yourself instead of spreading lies.
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Another teacher with a down…
Truth hurts my friend and a lot of people don’t like it.