-- 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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This is just an excuse to pad teacher payrolls and enrich the crooked corrupt IL teacher unions
Get used to the idea that schools are for babysitting, not education.
Which came first, the chicken or the egg? Which is the cause and which is the result? Contrary to most here I’d think that CPU teachers when hired mostly were enthusiastic and inspired when hired as evidenced by their 4-year financial deprivation and voluntary time commitment in attending college to be allowed to seek such employment. Then, reality sets in quickly enough as to what’s reasonably possible to accomplish given the factors beyond their immediate control that degrade their chances for feeling successful in their work. Facing huge obstacles to feeling successful over several years leads to a feeling of… Read more »
It’s what Pritzker and his Chicago voters want…your wants are immaterial.