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.
Let’s not forget beds for hot rock messages, a yoga mat room and a sauna for breathing in soothing steam. Nothing is too good for the over performing CTU and the brilliant students they turn out year after year.
Well, we will need to spend another $2 or $3B on the proper relaxation room or wing for each school and of course we will need a specialist to be available to assist in making sure it is done properly. We will also need another billion for the technology and training for the existing staff to enable the proper program. Another stupid spending program.
If they were anymore relaxed they would be in a coma.