-- 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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Lunch room staff want the $100k retirement too…
They can use their tears to dilute the soup. That’ll save the CPS money, thus giving lunchroom ladies a raise in pay
They should be paid a livable wage. The teachers and administrators have taken all of the pie and have only left crumbs for real workers.
Or do as many schools districts have and contract feeding time for the little angels out to a private firm.
Maybe don’t give free lunches to everyone and only those who really qualify, reduce the staff, and pay more. The 100% of all students Chicago claims just for the funds needs to stop.