-- 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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The sad truth in Stacy is correct CPS/CTU teachers are no more exploitive of thier CRAZY contracts than teachers in all the other CRAZY +800 school districts. The reality is all are public sec hero jobs, from teachers to cops to streets & san in CRAZY 7,000 units of gov, would be considered PART-TIME jobs compared to private sec. The total cost to provide ONE teacher for X # of students per year is not 1.) (SALARY + BENEFITS+ ADMIN COSTS)/ # of STUDENTS but is instead (SALARY + BENEFITS+ ADMIN COSTS+ SUBSTITUTE TEACHERS)/ # of STUDENTS, etc. What CPS… Read more »
It is called building our guys up by tearing their guy down. The article isn’t called out as wrong. She is just saying we’re almost the same as others.
How do you tell when Davis-Gates is lying? Her lips are moving.
Ok. We get it. Gimme’ more money and maybe I will show up for work like a professional is supposed to.
“In CPS and across the state, teachers are making use of their allotted sick time more than before the pandemic.” You’re getting closer. Author Ed Dowd has the statistics you are looking for.
Stacy Davis Gates thinks she can sell the idea that increasing teacher salaries rewards PARENTS by investing in their children’s future. We made the mistake of believing that for the last 40 or 50 years. Now we know it’s a crock. It’s time for parents to sing along with Roger Daltry. We won’t get fooled again.
With Lewis, Sharkey and Gates the new boss is same as the old boss…..