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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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Lock them out. Hire a home schooling company to take over.
A lockout without pay and benefits could be needed reverse extortion. Law is optional in Illinois.
You don’t need no stinking’ badges. Cops are too busy to enforce injunctions.
Parent anger could be a good thing. Learn a lesson from Trump and Pritzker. If the district gets fined, that will accelerate its insolvency. Make CTU spend it’s treasure on lawyers rather than buying politicians and judges. (Lawyers bribe judges too but generally hold some back for their car leases and mortgage payments.)
They aren’t getting paid whether it’s a lockout or a strike. The major advantage of a lockout (which would is much more difficult to do compared to CTU striking) would be timing. Otherwise you are basically talking about the same thing. Schools closed and parents needing to find someone to watch them while they’re at work. So what time would work best for CPS for a lockout? Right now? Anytime between now and graduation? That would be detrimental to the students that are looking to graduate this year. How about at the beginning of next year? Well that’s when teachers… Read more »
Hmm.. it’s a pretty sure bet that most CPS moms don’t pull down six figures to agitate all day, have an out of state home and tried to skip out on property taxes and a3K water bill while sending their children to private schools.
Close it. Fire them all. sell buildings. Leave it closed. Let parents choose where their property tax money for education goes. Current public education system is clearly broken. Start over.