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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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Are teachers still required to pay union dues while on strike?
Here’s a thought. Who OWNS any public school district? Is it the state? The unions? The teachers? or is it the PUBLIC? The public schools are run like private corporations but the taxpayers-state officials are never allowed in any negotiations whatsoever just write the check AFTER the (employees) ratify the contract. We the taxpayers are or should be shareholders but have no voting rights pertaining to compensation and benefits that we mostly fund. Does the state have any legal representation in any contracts? No. Even the governor or state reps/senators are never allowed in negotiations. Last I checked there is… Read more »
I hope they strike and never go back to work. Hire scabs and rebuild the entire system from scratch. Let the teachers find jobs as dog groomers or mortgage brokers. I don’t care. The system is broken. My grandparents left Chicago in the 60’s for one reason and only one reason – CPS was awful back then and they rolled their daughter (my mother) in a suburban public school system. Fast forward to the 2010’s, roughly 50 years later, and I too left Chicago, for one reason and one reason alone – the local CPS is terrible (my family being… Read more »