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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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Dear Lord, Sarah Karp. Must you be part of the malodorous media in Chicago that can’t speak truth to leftist Democrats? Sarah, you forgot ‘long overdue’, ‘desperately needed’, and ‘unavoidable’ when discussing cuts to the massive overspend that defines CPS spending. Sarah, you let Conehead the Mayorbarian employ the lame, tired narrative of race to justify his completely unjustifiable and dangerous actions. You cannot borrow money to pay current expenses, unless you want your organization to come to a screeching halt. Like the late George Warrington at Amtrak, Conehead is going to bankrupt CPS by doing just that. Just as… Read more »
So Playa wants to take a victory lap for not trimming a budget that is sorely overdue for one, equates closing empty schools with all of the problems in the community and makes it a point to play the victim card ( stuck me with the bills )?
I don’t think he even realizes the depths of his stupidity.
The constituents have gotten what they voted for, and it’s so entertaining I’m finding it hard to look away.
This maybe the end of CPS. If this continues and this pin-head plunges that District into hundreds of millions of dollars of debt, just to avoid laying off his union buddies, while playing the race card every single time he opens his mouth…bankruptcy is next. What needs to happen isn’t pleasant…it will be work and change some people’s lives. But hey…stuff happens. Close Schools who don’t have enough students. Consolidate those students into other buildings Layoff the employees who are not needed any longer. Tell the Union NO to their latest demands. Focus on eliminating waste and corruption If it… Read more »
This guy is beyond incompetent. He really needs some analysis done soon.
Same thing, can’t go two sentences without playing the race card. We have raised now THREE generations of professional victims.
He plays the race card but CTU is majority white? Even if they get just 5% they’ll be highest paid teachers of any major school district nationally. It’s race/gender Equity Hustle on steroids CTU style!!
Is majority white upper-income CTU’s biggest equity race grift to demand CPS take out +$300 mil high interest loan to pay for non-CTU working class B&B SEIU staffs pensions while that frees up $100s of millions in new spending for CTU 9% pay raises, etc contract demands? SEIU got 4% in new contract back in may
Read this piece filled with profound Brando over the top race grifter quotes from todays press conf: Chicago mayor compares viewpoint of those who disagree with him about school spending to slavery
https://www.foxnews.com/politics/chicago-mayor-compares-viewpoint-those-who-disagree-him-about-school-spending-slavery
I didn’t read the whole article after the intro seeing that it was just a word salad using assorted race cards being played. At this point though why would i expect more?