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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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Lightfoot will cave because at her core she is cut from the same cloth these socialists. To lightfoot this is exactly the kind of “reform” she intended, did anyone ever think that when Lightfoot campaigned on “reform” that she really meant to move the city to the right? She’s not a reformer, reformers move things in the opposite direction. Instead she will grease the rails making it even easier for CPS to move farther left. If the FOP were smart they’d do a strike now too, or maybe a blue flu, or maybe massive disability claims, maybe a giant police… Read more »
““This isn’t about money. This is about class size. This is about having a nurse and a librarian in every single school in CPS … This is about the privatization…”
Since all strikes that aren’t about money are illegal, this sounds like a confession.
As a lifelong chicagoan, my personal & anecdotal experiances with those far left socialist types is while they may have a local from the hood spokes person like Ramirez-rosa they are almost all white hipster kids from well to do backgrounds who themselfs dont have kids or own homes. The local alderman complain about gentrification but in reality couldnt be happier when these guys start setting up shop in west pilsen, north lawndale, around proposed obama center, etc….as part of there sthick they have no use for middle class chicagoans, especially white bungalow belters (like me)..theres only victimized poor folks… Read more »
‘“This isn’t about money. This is about class size. This is about having a nurse and a librarian in every single school in CPS …’
Well then, I assume then you are willing to accept 2% raises and ‘donate’ the rest to the cause of “helping the children” with more staff?
We all know the answer to that one.
This is socialists doing what socialists do — spending everyone else’s earnings for their own benefit.
These parties are like 14th century neighboring barons going to war over petty issues. Neither party will ultimately win and the peasantry suffers the heavy brunt of the losses. The city of chicago and the students are the only losers in battle, despite the CTU’s claim to be striking on behalf of their students.