-- 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 gives Chicagoans yet one more reason to move out.
GO for it. CPS needs to close 50 more schools. Pa. House speaker Mike Turzai really told off these union supporters. It was awesome.
https://www.pghcitypaper.com/pittsburgh/pa-house-speaker-mike-turzai-public-schools-are-a-monopoly-and-teachers-are-special-interest-people/Content?oid=15880048
ctu parasites: give yourselves a test, count to 12 without bra-removal, or 11 without unzipping.
The CTU has always been filled with socialists. But these days the socialism seems to come at the expense of everyone else. Including the children who barely learn, the student population that is precipitously dropping that the only ‘new’ influx of students are illegal immigrants, and the tax payer that can’t foot the bill. Pure insanity. I feel like I live in an alternative universe these days where nothing makes sense, the truth is a lie, and the lie is a truth.
50+ years of postmodernism in politics coming home to roost.
The crazy thing is that these people seem perfectly normal when you engage them in regular conversation. They’re teachers, neighbors, friends, family members, community member. But then they put their union hats on (or go to teach intersectionality in class) and they become these militant angry unionistas.
There are many pensioners and state workers, most notably teachers, in IL who claim to have socialistic ideals, but they couldn’t be more wrong. Socialism is about spreading the wealth, the well-off chipping in to elevate the economic status of low-income people, etc. IL pensioners and teachers aren’t into that at all. Try reducing their high salaries, high pensions, and free health care to ease the financial burden of the abused taxpayers, and see how they react.
A CTU strike works against the “fair” tax, which will be viewed as another tax change to accommodate a special interest group.