-- 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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Hmm, do any teachers teach sex education? If so, they should engage in procreation in September. Then their progeny would be born in June and this would preclude them double dipping on my dime.
Lori, if you can get September procreation amendment in the next CTU bargaining agreement I’ll actually consider voting for you.
Or they will just negotiate and demand maternity leave. Who knows? Maybe even paternity leave so fathers can take 12 weeks off and bond with their children.
FAILED CITY ALERT: Crooked Corrupt Chicago Teachers Union Is Trying To Extort City For 13 Weeks Of Paid Leave — FACT CHECK: Chicago Public Schools Pay Teachers Some Of The Highest, If Not The Highest, Salaries Of Any Large US School District