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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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At what point do the centrist, educated liberal Democrats in this city step into the light? CPS is a failure. By every measure, it fails the children and parents of this city. That it is allowed to persist in this state is completely mind-boggling.
Even further, that CTU leadership is able to continue, suggests the rank and file is either too stupid to understand her evil or in on it. (Likely there are a few who get it, but are powerless to effect change because of the two points above.)
Yup, Marks right WP & IPI are regularly quoted in national press but never is are local new:
The 45 days (currently 43 CTU asking for two more) jumped out at me. Many of the days off I would not include in the total. Winter/ Spring Breaks and Holidays for a total 18. So down to 25 (current).
Vacation – 10
Personal – 3
Sick – 12
Why are there 10 vacation days? Aren’t summer and winter/spring breaks. vacations?
12 sicks days is excessive. In all my years of work 5-6 has been the norm (that is for 12 months of work).
Heck the combined personal/sick should be 6,
So working 8 months is too much, they need to get it down to only 1/2 the year with 2x the pay?