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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 teachers demands are the same as the majority of the voters so this contract should be fairly easy to finalize. The voters elected a CTU leader as Mayor, so they obviously want the same things as these teachers, smaller class size, a nurse and social worker in every school, bilingual support staff for all the new migrants, more money for special education that involves the “overabundance of black boys”, and of course “equity and justice” or whatever that means. The voters of Chicago have spoken and they are aligned to the CTU’s concerns. All is well if you don’t… Read more »
Plus, I have to think most south side voters likely know or presume that every new employee as well as every new or expanded program they want will be paid mostly by people living elsewhere. Who wouldn’t vote for that?
PPFtard,
Start with increasing da school year to 10 months in Sheeetcago.
It’s about the children and learning isnt it?!!
Da Judge
Knock off the childish comments like that.
I’m just defending da children. Don’t be a tard lover Mark. Don’t you care about children learning?
Da Judge
It worries me sometimes that some childish voices like yours are on my side. Fortunately, they are the minority.
There’s so few of us left on our side here Mark, we can’t be choosy. We can’t exactly be choosy.
With the exception of Sheriff Dart, has anyone noticed that Chicago and Cook county are run by POC? So systemic racism, inequity, disinvestment, inequality, etc. are being administered by POC. Not a single white supremacist in the ruling class of Chicago and Cook County. Not one. Yet the biggest threat to America is white supremacy? The only incidents to hit the mainstream media are white on black, with extra attention if the white person is a cop. Black on black crime is virtually ignored. All those black lives lost seem to count for nothing. For shame! Put the blame squarely… Read more »
These people talk child-like.
It’s not a negotiation where Party A is the bought and paid for prostitute and stooge of Party B