-- 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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I should take a bus to Mexico and swim back across the river, I’d get more out of it than I’m getting now. I could rent a dependent child and get his check too. Free health care, a prepaid visa, free room and board and an Obama phone.
You all do realize when you gave the Teacher’s Union their much-wanted Amendment 1 last November, this was part of the allowed negotiation demands. Ah, social engineering rears its ugly head yet again. The wording in the amendment allows the Teacher’s Union to negotiate for anything they want…anything. Or did you just believe their lying “Cliff Note” version? Never mind the state broke its own voters’ rules by not providing every registered voter with the required mailed pamphlet containing an exact as written Amendment and an explanation of what it will do? This is the result of the laziness and… Read more »
No doubt, the voters voted for this.
Some parents allowed their children to spend the night with Michael Jackson. Did that mean Michael Jackson was not a pedophile, since the parents allowed it?
The fact that voters were complicit does not absolve the public unions of wrongdoing.
Also recipients voted for this. There are over 28K employees plus their spouses if married would add up to 50K votes or more just from the school district. Now add in the tens or thousand of parents who may have voted for this adds up to a lot of votes. Considering the usually low voter turnout except for all those recipients of the proposed legislation it is easily passed.
Teachers and family members are voters and taxpayers as well. If others don’t vote, that’s on them.
Agree- Like I mentioned the voters who are recipients turn out to vote en masse usually in a primary know that the general public will not come out to vote. Maybe the general public does not have all the facts to make an informed decision or they find it pointless for whatever reason. Then some (many) of them complain why their taxes are so high when they had a change to change things however small.
The public union hasn’t done anything wrong. They are advocating for funding for asylum seeking students. I don’t agree with it but they are free to try and negotiate. There isn’t any criminal activity or “wrongdoing”. You are not the arbiter of right and wrong for society.
They are exercising their constitutional rights as intended by the voters. Once again your hatred of teachers and lack of respect for the will of the voters clouds any reasonable judgement.
I am not the arbiter of right and wrong for society. That’s true. Ultimately reality will do the deciding. And reality won’t care about “it’s their right”, “but the voters allowed it”.
Disagree? Ask the Venezuelans on the street corners how reality dealt with their votes for their “rights”.
Personally, I hope the CTU is given all they desire and more. The sooner the Chicago and Illinois tax base is destroyed, the better. This slow death spiral is starting to bore me. Let’s speed things up.
Do you really expect any common sense to come out of them? they are not footing the bill
If the raging, illiterate Alinsky-ites at CTU believe so strongly in this, create some alignment, be a partner in this effort and lead by example. They should just take it out of their pension and call it community reinvestment and a diversity investment. Or is it just other peoples money they want to do that with ?
Just another slap in the face to the long suffering Black community of Chicago. However, Blacks largely have no one to blame but themselves for supporting Marxist candidates and voting for candidates based primarily on their race.
There is overwhelmingly immense social pressure in the black community to vote Democrat, in a way that simply does not exist in the white community. My family leans conservative but we have fair share of libt**ds, one of whom I’ve excised from my life completely, for being a libt**d. This does not exist in the black community. Joe Biden can go to a black audience and accuse Republicans of wanting to ‘Put Y’All [black people] Back in Chains’ and everyone claps and agrees. Republican policies for the most part are very unpopular in the black community, despite what polls are… Read more »
And Democrats know this – hence the continued abuse of the Black community in Chicago. Democrats effectively telling Blacks in Chicago to sit down, shut up, shove over, and squeeze in for illegals should wake people up, if they have any sense.
Do they not know that “THERE IS NO MONEY LEFT”. The Chitty is broke and so are the taxpayers.
Leaving this up as an example of the kind of comment you’ve made dozens and dozens of times, which we mostly deleted. We trash what’s mindless repetition.
I state the truth and lots of other people think the very same thing.
It is your ball and bat so you are the CENSOR.
I believe in the First Amendment!!
Dude, time for you to bone up a little on the First Amendment, including its right to association that protect private sites like us in enforcing community rules.
Man, and I thought the Three Stooges were comical.
Since 95% to 98% of the asylum claims will be rejected do they have to pay back the $1500 grants while on their way out of the country on the deportation bus?
GOOD ONE
The Soviet Union did just that and called it an exit tax!
and don’t forget, the equitable CTU/Brandon’s offering 8,000 students with disabilities $500 BUCK GRANTS if you win his lottery!!! it ain’t no $51gs, but aaaaaaaah thank yah masta for the 40 archers & a mule EQUITY CTU style!!!
(https://www.chalkbeat.org/chicago/2024/04/23/chicago-offers-grants-to-students-with-disabilities/)