-- 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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“Chicagoans love their teachers…” The union teachers don’t seem very lovable to me. More like a cancerous tumor.
🪦 Epitaph for a Dying City 🪦 Here lies Chicago: Buried by its own hand Not by storm, nor quake, nor war, But by union bosses drunk on more. Not the teachers, not entirely — But they did vote in this tyranny. They crowned the crooks, they kissed the ring, Now they choke on everything. Pensions fat, results are thin — And still they wonder, “Where’d we begin?” Their chosen king, a clueless doll, Dances to the union call. But fear not — worse awaits the stage: A red-flagged savior, full of rage. This city once stood tall with pride, Now debt and crime… Read more »
Huh? “Chicagoans love their teachers”? Are you kidding? Clearly these writers aren’t paying attention. Chicagoans who are paying attention hate teachers. The once admirable profession has been dragged into the bottom scum of a septic tank by CTU, IFT and NEA. Teachers are now nothing more than militant terrorist vermin.
Every night I pray they do a federal audit on the CTU. Then I dream Gates is taken out in handcuffs at the end . I sleep great those nights
You got to wonder what Jackson Potter and Gates are hiding by not releasing union audits to their members. An office and work culture of doing your job honestly, openly, and properly would result in annual audits performed and released without worry. Not releasing audits, or worse, not even having them done, suggests a toxic workplace where secrets are clumsily hidden by union leadership.
Theft of funds, period.
Remember this the next time the CTU is tugging our sleeves for more money “ for the kids.” Good policy sells itself. Kamala found out how that works.
CTU needs to be legally designated as a political organization. The union doesn’t represent workers rights or education.
What IFT teacher in thier right mind in any of Illinois 852 school dist wouldn’t want queen Stacy worken her equity hustle scam for $$big bucks$$ payoffs as their next president?? …as CTU’s the envy statewide & nationally on how the game is played.
It sounds like you are saying she is very effective at getting members more pay and benefits. That’s her job so she must be doing a great job.
Nationally if your a teachers envious of the CTU/Stacy —equity hustle scam for $$big bucks$$ payoffs you have to understand it’s only possible in Illinois. Thanks to public sec constitutional guarantees, guaranteed strike rights, 40 yrs of Madigan rubber stamp, 100% dem machine control, many rep complicit as well, etc, etc. As “new machine” CTU is just another version of “old machine” pay-to-play Madigan, same goal, different grift.