-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
There are two not so simple but necessary ways to make things change. The first is you home school your children. The second is you leave Illinois.
If you cannot do these you move to an area of the state that is run by Conservatives and not liberal Marxist thinking and you enjoy living out your days in peace and security. Try one of the counties south of Interstate 72 for example. Like where Darren Bailey our next governor lives. Wonderful counties in Illinois that allow children to attend schools without masks and without persecution from the Covid jack boots.
Nice! I like how wirepoint articles would actually hold up in court. Juxtaposed against reader thoughts, anger, irony, exposing hypocrisy, etc…
Some of this would change if enough parents started shaming these teachers for these strikes and disruptions. The teachers are emboldened by parental support, and they use it as leverage against the City in negotiations. The parents who give their kids signs to support CTU on the picket line are an embarrassment. Yes, nothing makes my heart bleed for teachers more than seeing kids used as pawns to get teachers more time off and more money that they can use to party in Florida. If you are a CPS parent–and it doesn’t bother you that these teachers are constantly striking–then… Read more »
Ultimately nothing changes until parents change it.