-- 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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Hey give them all the time off they want 12 16 weeks who cares there’re will be so many so called teaches off and nobody left to teach maybe just maybe parents will wake up and start removing there kids more and more then bingo public schools in Chicago will be doa.
Time-off benefits for IL public school teachers shouldn’t be on a par with most private-sector workers because the teachers work significantly less hours per year.
Hmm, I don’t remember any nuns getting parental leave in the 60’s (or going on strike either!)
The math and reading results will more than likely increase.
Another gold plated benefit for the worst teachers in America — BJ The Race Clown is just getting started with the giveaways