-- 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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The teachers can’t lose on this one. The days in classrooms are mandated by law in Illinois thus every day on the picket line will be made up meaning no loss in pay for the teachers. Most have tenure so ca not be replaced and so the usual goes on. It is a never ending spiral but as we know, it’s for the children.
CTU are a gang of greedy thieves. Break this union.
Reconstitute CPS making all contracts invalid. Fire all CTU members. Start over. Allow school vouchers and expand the charter school program.
Chicago is teetering on bankruptcy This has to end now.
It’s a losing battle. Some things aren’t worth fighting for, when instead, you can just move 10 miles northwest to the suburbs. Like I did a decade ago.