-- 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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There’s something to be said for the value of familiarity. For many, being able to spend their careers in the same space they spent their childhood has immense value. It’s a known commodity, bereft of the anxieties and unknowns that await them in the corporate world. Of course, that value goes unnoticed and unaccounted for.
Just another fabricated shortage.
Where did they find so many groomers so quickly?
As I have stated numerous times before, teachers are the least likely professionals to quit their jobs, both pre and post-pandemic. Things are so horrible, yet no one leaves. Reminds me of a Yogi Berra joke.
And then complain about shortages, low pay, and high turnover. None of which is true
“There’s a teacher shortage, so let’s not only count unused sick days as service time, but let certain illnesses not even count as sick days. That’ll solve the problem!”
What teacher shortage?!