-- 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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Close 1/2 empty schools and fire teachers until you reach 24 kids in a class (like the rest of the real world does). Might actually try TEACHING students as well.
Bullshit…he isn’t cutting any jobs. Those are voters with families. Braindead talks a loud game but is a coward at heart
Spot on, in his defense no one else would have cut jobs. Once your hired in government you have a lifelong job, working or not working.
Voters will almost certainly lay him off next election, though he will return to CTU and his pension job there. Let us hope he doesn’t return to teaching. That’s over his head too.
No one or only a very small fraction of those with high-paid, cushy jobs will lose them in this budget reduction exercise. That means, as usual, the property taxpayer will get further abused.
Maybe disband some of his “committees” to study issues that are non productive. The committee’s only purpose is to employ his friends.
And “ No property tax increase!” slowly morphs into “ See what y’all made me do! Trump! Racism!”.
Good . No one ne is PROMISED A JOB FOR LIFE !!! This includes union and political hacks .
See earlier comments on the likelihood of any jobs being eliminated that would put even a noticeable dent in the budget.
How about closing under-utilized schools?
Exactly, low hanging fruit but Mayor BJ will never do that as his masters the Teachers union will never let that happen.
Just goes to show how Dems are just very very bad managers of the business of government.
It would take a man with balls and brains to do that. Pinhead has neither