-- 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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Maybe pay should be based on how much students learn………as of now taxpayers would save a lot of money!! Random testing thru-out the year might help…….for teachers and students!!
CTU is a complete and total failure. If not for the fact that it is a welfare program for otherwise unemployable bribers of the Illinois Democrat Criminal class it would have been destroyed like the rotting excrement that CTU is many years ago. The only solution is to dissolve CPS, destroy CTU and school vouchers for all. Anything else is Democrat theft if taxpayer money.