-- 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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My wife is a retired teacher that hates the teachers unions. A large 10 page union brochure arrived at the house today, 90% of the text was about increasing membership, 4% about woke principles, 1% about teaching, outcomes, the profession, etc.
If it’s insider stuff, send it to Wirepoints.
CPS lays off about 440. So, about an increase of 1600 positions.
Let’s see. Massively declining enrollment in CPS should correlate with a massively decreased number of CTU teachers and staff. See? That’s how it works in the real world.The greedy vermin of CTU only care about fleecing the taxpayers from their money while cowardly hiding behind children. Bust this union now. School vouchers for all.
I won’t believe it until I see it!