-- 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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CTU are the core cancer of Chicago. They must be surgically removed and irradiated.
Did you ever work for a company in the private sector that guaranteed in writing that you couldn’t get laid off? Me neither.
Chicago is dysfunctional at every level…
Dismal reading & math skills = hire more teachers & give them a big raise…
Surging crime, car jackings, shootings armed robberies = defund the police, eliminate positions…
Homelessness = bring in even more to our ‘sanctuary city’…
Brilliant…
Hillary was right on Chicago schools. What difference does it make?
School or no schools kids can’t read or write anyhow. Why bother.
Bankruptcy and let the judge eliminate the contracts and pension and start over.
First threats, now tantrums. Try stamping your foot or cursing in Urdu. Lock them out ’til May and make them work all summer.
Such a financially irresponsible school system. Close underutilized schools and redistribute the staff instead of higher in more staff. Fire teachers who chronically call off. Make teachers accountable for students learnt. Quit blaming parents. A lot of them are products of CPS and cannot help their kids because they were not taught. Stop closing charter schools where kids can actually get an education. CTU should look at charter schools as a role model for what they should be doing.
Go on strike and see if anyone cares, humps. Kids aren’t going to school, the few that are graduate totally unemployable and teachers would much rather be phoning it in from the safety of their homes.