-- 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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Hire someone with financial and school management experience. Paul Vallas?
Fewer crossing guards? How disingenuous. Everyone knows that wouldn’t put a dent in the budget. How irresponsible can CPS be by laying off the very-low-paid crossing guards, thereby endangering the safety of children? How about laying off 1 teacher, so 5 crossing guards can keep their jobs?
They do it on purpose. It’s the hostage puppy strategy. Give us more money, or bad things will happen to the cute helpless creatures. They always threaten the weakest who have the least influence.
Changes are 10,000 more teachers sitting in their ass doing nothing but getting paid
They won’t see any fewer empty buildings being powered and open for less than half their capacity or any fewer staffers standing around idly.
The parents can take comfort knowing that their children’s teachers are among the highest paid in the nation, all the while maintaining a non-existent standard of excellence in the classroom.
How about closing under enrolled schools??? Save MILLIONS OF DOLLARS THERE . CTU only cares about itself not what is best for the “CHILDREN.”
Thumbs Down obviously a CTU member or some other type of stooge. Who knew Stacy reads Wirepoints? Who knew Stacy reads at all? Her math skills are certainly lacking.