-- 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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Gosh…Old Joe had to sit thru Pay for Performance lectures back in the day.
They assure us that performance is impossible, so it only makes sense to increase their pay on a regular schedule.
Meanwhile there are many rumors about cutting over 500 positions from CPD, closing firehouses and decreasing fire personnel, reducing ambulances and other cuts to public safety. This while multiple public school buildings are fully staffed but are only at 5 or 10% of student capacity. CTU will fight tooth and nail to stop any school closures, reduction of staff etc. The death spiral of failed democrat policies continues.
SHAME ON THEM………AND THE KIDS CANNOT READOR DO MATH!
Its seems the more Chicago teachers get paid results in lower and lower test scores.
Not the best investment.
High paid babysitters. The certainly are not teaching anyone very much.