-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Teachers outnumber the students and can make these demands. They probably out number the taxpayers who actually live in Chicago.
The insanity of the CTU will end when the
House of cards fails. Taxes are a finite source
Exceed the supply poof it fails.
Then time for the usual gang of idiots to ask what happened! How could this happen.
What are we going to do.
Whenever they finally ask what happened the solution will be more money needed.
DESPITE ALL THE BS ……..KIDS STILL CAN’T READ…….THESE PEOPLE ARE DISGUSTING WANTING ALL THIS MONEY FOR DOING A BAD JOB!!
Lets just hope only CHICAGO pays for the CHICAGO Teachers Union demands!
In Finland, teachers are paid much less than the CPS/ CTU require.
Also ANYWHERE else in the US!
With much better results also, instead of churning out a class of 85% “ thumbs downers “.
And their students can read and do math!