-- 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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Since when did school board members get compensated for a volunteer position? Do PTA members get compensated? What’s the going rate for the bake sale?
The may not be paid for their position on the board, but they will be well compensated for their day job as a union latchkey. There’s 0 chance the board will be comprised of concerned parents. It’s going to be union apparatchik and moles with the only goal of supporting teacher and undermining students
There are other avenues besides direct compensation for a school board position. Perhaps you’d like a county commissioners job. Maybe DOWM, the hardest work involves holding a beer to your mouth. You can haul your beer around in a dump truck!