-- 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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Teachers are getting makeup days off because they are in charge and can give themselves any benefit they want
There’s little accounting on days off when my wife was a teacher she called friends to sub, the day off was totally off the time sheet books.
Saw this coming a mile away. Teachers begged for make-up days. We all knew the quality of teaching on those make-up days would not be worth the cost, even if they did show up. Yet Lightfoot succumbed anyway.
Who’s gonna be the first person to FOIA the CPS teacher attendance numbers for the 1st day after the strike? It was a Friday.