-- 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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“Sharkey attributed the increase in substitutes to a policy change preventing teachers from accruing sick leave, prompting them to use up their leave time.”
So now that CPS teachers cannot bank a year or two of sick days, they use their sick days. This implies that, all these years, teachers were either coming into work sick or using their sick days as vacation days.
Taxwinkle claims in her press releases she was a ” part time teacher” at cps. Does that mean in reality she was only a substitute teacher? Was she ever a ctu member?