-- 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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I’m sure some previous CTU contracts, after being negotiated, had some CTU higher-up say something similar about this being a turning point. So very many people have waited many years for that turning point. They’re still waiting.
The utopia is always just around the corner, but they need more money to achieve it.
She says from… INDIANA…
Would Stacy Davis Gates agree to give back all pay raises if all students are not reading and doing math at grade level by the end of this contract? Not! She will just scream teachers need more pay.
Gates only cares about herself and teachers. She could care less about students
The answer is………….to throw more money at the pensions!
Stacy’s laughing at you. Her proposed contract won’t help kids get a good education from CPS, but it will help her pay her son’s private school tuition.
Grifters. Telling the same story over and over again and the corrupt City and state government officials continue to spend billions on an absolutely failed and corrupt system. Same S*#t different day. Don’t really have to even report on it anymore…there isn’t anything anyone is going to do about it anyway.