-- 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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The teachers union is part of the reason Johnny can’t read. Why care about a job when you have job security. Work for it
Teach who care about students and education should opt out. CTU is now a political machine, not a labor union.
Opting out of joining the teachers union was done in Wisconsin a few years back. Other public sector unions were affected as well and amazingly union support dropped by over 80%. Expensive dues, union only health insurance and a bunch of other union mandated ideas were done with. Local school districts could find health insurance on their own and ended up with coverage and rates better and cheaper than provided by Wisconsin Education Association and districts ended up saving lots and lots of money not being forced to use the insurance companies mandated by the union. Maybe that’s what Illinois… Read more »
Thumbs down from a union member that likes everything kept “ in house “ and behind a wall of ambiguity. The unions chiefly benefit the union management, then the teachers and, of course, lastly “the kids .” Abolish them and hit them with mismanagement of money, the RICO act and whatever else it takes to send them packing.