-- 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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We have all seen the endless comments from teachers about how nobody understands how difficult their job is. Remote “teaching” is what they have wanted all along, with the extra bonus that they will have even less accountability for performance than they did in the classroom. It is their dream come true, and they will never willingly give it up.
The teachers really like semi retirement I guess. The secret wish of CTU is that the Wuhan Virus continues until teachers at home becomes the norm. Or at least they wish the fear continues. Because the whole basis of their demands are based on an exaggerated societal fear of a virus that isn’t that much worse than the flu. The first virus that had the advantage of the Internet to amplify fear for political ends. And yes masks are a central pillar of that fear mongering. What about all that air that blows in and out around your mask? Regular… Read more »
The first offers should have been.
364 days off with pay every year
World Peace
No more Death
No more Disease
Immortality
But they probably would have rejected those too.
Since the CTU does not want to do their job and report to work, lock them out. Time for Chicago to find the guts to change the status quo with the CTU. They can be replaced.
Would it be legal to just sack the entire school system and start over again? All the kids are at home anyway.