-- 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 that is why Stacey’s kids are assured of a quality education in private schools. Her job is safe
CPS can save MILLIONS by CLOSING but they hat would mean a loss of union jobs . Remember CTU owns your children. It’s about THEM NOT THE STUDENTS.
This chalkbeat article pretty much states in reality CPS isn’t laying anybody off. They’re just shuffling mostly SEIU support staff around.(https://www.chalkbeat.org/chicago/2025/07/02/chicago-public-schools-shifts-special-education-staffing/)
No more money for CTU and CPS become financially responsible. Close underutilized schools and cut staff. And no more money until student test scores improve demonstrating that they are doing their jobs.
100s of low pay, mostly black & brown, SEIU get the pink slips while only 7 highest paid big city, majority white, CTU teachers get the pink slip????—EQUITY!!!, or as Stacy likes to say, “y’all ain’t sh#t”
To the Stacy’s of the world, there is her union and everyone else is expendable cannon fodder.