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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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Lor-dog, grow some stones and start firing them… Start at the underperforming schools and head up from there…
It’s not like the kids will be any worse off at home than by being taught by those who are barely capable of graduating from college…
It is a city on the verge of collapse. Schools are shut for no good reason and the unions ignore the mayor. She and her crew are totally inept. The Gov is clueless. Population declining for good reason and prosperous young people leaving in droves. Crime out of control and no plan to stop it. Financial situation is a joke. Proudest accomplishments of the legislature are passing marijuana and gaming legislation to “solve’ the budget problem. The Illinois legislature is starting up shortly with their top priorities being LGBT bills, rigging appellate judicial districts and passing phony budget band aids.… Read more »
Good for Lighfoot!
I do not liker politics, but she is right on with this thug Union!
Who says a Union cannot be broken?
It CAN although it’ll be costly in attorney fees because the union will fight it until they run out of money to pay lawyers. Illinois courts will be unfavorable and may threaten injunctions, fines and jail time. Not sure if it can be moved into the federal court system. There is a federal as well as a state constitutional contract clause, but federal courts sometimes do not take constitutional questions that can also be adjudicated in state courts. If the District locks out the teachers and stops paying them that should free up some money for attorney fees. The district… Read more »
Why isn’t Hector or Lori requesting an injunction? Would that be a fools errand with Toni controlling the courts?
Does this wildcat strike violate their most recent labor contract? Is this new proposal “good faith bargaining” and how is bargaining applicable if they are engaged in a work stoppage that presumably violates the labor contract? Can the district void the labor contract and all the raises and other improvements granted in that contract? Can the district demand arbitration or would that be futile because arbitrators are in the union’s pocket? Unless there is some strategy to force the union’s hand, do the lockout. Stop the pay and benefits and hunker down for the litigation. Authorize parents to start a… Read more »