-- 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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How about a little truth in advertising and calling the session “ Half filled, underperforming, dangerous schools full of overpaid staff “?
That’s not a fair assesment. Some of them are not even 15% filled!
According to the CTU, you’re being racist.
Color me shocked…so if I point out that their are schools that are 10% filled, give me a cape and call me Super Racist! LOL!!!!!!!!!!!!!!!!
A unit of city government is negotiating with the teachers’ union, about how much taxpayers’ money should be paid to the teachers.
The union contributed a lot of (taxpayers’) money to Mayor Johnson, a former organizer for the union.
School enrollment has declined, and most of the graduates can’t read or do math.
Teachers’ pay should be cut, and the union should be disbanded.
If the teachers strike, they should be fired.
But oh, those pensions! Gotta protect those pensions for underperforming employees. Don’t touch those pensions! They deserve the taxpayer funded pensions to pass along illiterate, stupid people!