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.
This was coming whether Amendment 1 passed or not. Principals have been talking about unionizing for years. About a third of principals are organized nationally, mostly in large school districts. I say let them unionize and put stronger metrics in the contract.
Illinois public sector workers carnal depth of greed is bottomless. They know that they have spent a lifetime stealing from the real workers of Illinois – the taxpayers – so they have no shame and no conscience so why not steal even more? A lifetime of parasitic behavior will never end.
Their pension is already worth $5,000,000 plus why won’t they want more money.
These are the very same people that have put generations in debt.
No surprise here – they were waiting in the wings and pounced as soon as they could.