-- 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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CTU are the greediest and most evil of the public sector unholy trinity of AFSCME,SEIU, IFT/CTU. They hide behind children while pick-pocketing the parents and full-on pillaging the taxpayers. This union must be busted. Lightfoot should cut CTU teacher’s ranks, fire the incompetent and lazy, cut pay, cut pensions, cut staff and force CTU to pay for their pensions even if it requires holding out until February or March. Of course, that is unlikely to happen but unless Lightfoot holds firm she will be seen as just another weak simpering, pandering, politician like Rahm. And then the next union piglets… Read more »
“But that offer didn’t go far enough, union leaders said, because it didn’t address the CTU’s demands for increased staffing of social workers and nurses, smaller class sizes and special education resources.” Maybe if CPS stopped pandering to illegal immigrants (and their anchor babies), they’d have a little extra money left over to pay for these nurses, social workers and smaller class sizes. Every ESL teacher or spanish speaking staff member working with illegals is one less nurse or social worker in a school full of citizens i.e. african-americans. It really is a zero sum game given CPS’s limited resources… Read more »
These people won’t stop with the increase staffing. They are not in the profession of teaching kids, but in growing their union membership.
Charlotte- How could we (taxpayers) demand a maximum $$ amount on per pupil expenditures There is a state minimum at about $6,400 but no maximum. Soon $50K won’t be enough. Here in Rockford private tuition averages $7K but public is over $14K. I think the $6,400-$7K should be adequate to get a basic education and anything above that should be tuition. When parents get a bill then they would demand change.