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"That argument about financial responsibility has contributed to the answer of how this got so messy: It has turned the school system’s budget struggle into an ideological and political battleground — one pitting more conservative, business-oriented corners that have long opposed high spending and the CTU — against a progressive mayor who sees those groups as quick to adopt austerity austere measures, leaving poor families and schools vulnerable."
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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Johnson needs to keep his left policies and CTU affiliation out of CpS.
How exactly are poor families left vulnerable if outrageous unsustainable spending returns to sustainable and practical levels? Wouldn’t CPS unsustainable and outrageous spending be MORE likely to make poor families more vulnerable? Sun-Times, you SUCK.
Whoever does down thumbs on this site must be a CTU or some other state union employee.
Bankruptcy is the only fix to this problem and let the judge dissolve this unions and reappropriate the pension system to reality. Unfortunately the state can’t do that (yet to be seen)