-- 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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from flipping thru the pictures and from what i watched on tv whats ironic is most teachers are young and WHITE teaching in predominantly minority schools? I would doubt few live in any of the low income neighborhoods where they teach or have kids in the system. Its my understanding CTU & CTU-ACTS membership are predominately white.
but Sharkeys, (who sends his kids to selective enrollment schools) is always on tv rattling on about how the ctu is fighting to save low income folks when in reality its his predominantly white teachers who don’t live in those communities who are the beneficiaries of ctu and all the fake progressives politics.
From the comments by the union it sounds like they got everything they wanted.
The public unions have leverage; they use it; and then our very highly compensated administrators buckle under pressure. “It’s only taxpayer money, and we’ll just get more…and as long as I get mine, I’m good with it.”
We are leaving.