-- 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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Oh – Come on people…it’s all about the Kids. Hey, hey…This cost is chicken feed when you look at the results, I mean…well, er, don’t look at the results…look at the quality humans we are creating…er, well, don’t look at that either…look at how we are impacting the quality of life for….er, well don’t look at that either….never mind – just pay us more because we said so.
The value is just not there. Close it Fire them all. Leave it closed.
Yes, on the surface that seems appealing. But, so far the voucher system isn’t being taken seriously enough as a logical alternative, and private school tuitions tend to be an unaffordable luxury for many families. So, what’s the acceptable solution? Do we really want hundreds of thousands of children free to do their “thing” all day without guaranteed adult supervision? That’s not so appealing either, is it? Give us some hope for an attractive solution here.
Sounds like what you’re offering is a babysitting service. An extremely overpaid babysitting service. So the solution would be to align the pay scale with the value of the service provided.
If that’s the pay scale you’re sure to get baby sitter candidates. Offering more will spike the higher caliber choices but with no guarantee of better results— only the likelihood of it. Rome wasn’t built in a day nor is a person educational growth. It’s a slow progression of skills and the learner’s time, all requiring dedication, and intellectual curiosity. Those preferring to watch the clock turn and consustently doing other things not related to the basic cause are wasting the taxpayers’ money and the teachers’ time. Such is life where education is mandatory for all young people rather than… Read more »
You’ve already characterized it as babysitting. Now you want to raise an alarm that we might not get PhDs to deliver that service?
I agree that mandatory education for all young people is part of the problem. Education associations advocated for that very thing over a hundred years ago, and got what they wanted. Now they are rallying for more illegal immigrants to fill the schools, and coincidentally more money into education for these children who don’t speak English. And those same educators will point to the illegals they wanted as the reason they can’t be expected to actually teach.
As they say in FL life’s a beach. Somehow we all need to learn to swim before being drowned by the inevitable high tides that will come our way.
Please James, take down those 1970s dorm room posters. Quoting them is not the way to navigate life 50 years later. I remember them too, that’s how I recognize the sayings you spout.
And for God’s sake get rid of the Che Guevara in a beret poster too. PPF is depending on you.
I need to be more like you apparently. It’s on my to do list.
Nah, can’t leave it closed. Closing it, firing all and starting over would be a place to start. It may be too far gone. James – I’m afraid a solution can’t be found, the unions will not allow what actually needs to be done. Impacting the home life and parents behavior is the real answer, but I haven’t seen a good solution to that monstrous problem. I believe this is a major crux of the value proposition. The entire cost structure of delivering education needs to be re-aligned. The education business as it is today, with every decision they make,… Read more »
Greed is one of the original sins. The system is flat A$$ broke and is failing and they still want more. Kick the taxpayer when they are down and kick them again.
How does avg CPS $161,000 principle & $131,000 assist principle + 4% yearly increase salaries:
–compare statewide?
–compare nationally?
–How are these salaries/salary increases calculated in state EBF? (Ditto for teachers, staff, etc.). How are the 7,000 CPS COVID hires, the majority of whom are bureaucracy positions, calculated in state EBF?
–Does CPS need fully staffed principle, assistance principle, etc at CPS schools that are only fractionally populated?
I will never defend the CTU for any reason but I will also say this — if I woke up tomorrow and found my salary had been reduced to $161,000 a year, I would no longer want to live.
funny!!, you must be in the class of 127,000 Chicago millionaires and/or those making over $200gs a yr that CTU/Brandon wants to tax out of town?
They are doing a poor job. Only fitting they get such pathetically low salaries.
Where is the money coming to cover this increase in in the budget ???
Taxpayers.
They don’t deserve a raise until the schools actually start teaching and math and reading test scores improve. Stop rewarding poor performance.
Nope. They deserved the raise that they negotiated and agreed to by their employer. The cost of labor is going up and employing principals is no different.
Good. Lets shovel more bucks into a broken system
Don’t look now, but Homie removed his foot from his mouth long enough to authorize special schools in a system that already has half filled to empty ones already.