-- 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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And yet during teachers strike (with help from reports like s karp-wbez) ctu is able to claim cps is understaffed and cps or press go along with the hustle, no questions asked? Unbalivable
They still probably have a full complement of employees. Student/teacher ratio maybe 3 to 1 or 1 to 3 who knows?. All utilities still being paid with heating bills thru the roof (figuratively and literally) Closing those schools means kids would have to walk or ride the bus further thru dangerous neighborhoods. With unlimited taxpayer money it doesn’t matter. Soon if CTU and CPS have their say every child would have their own school.