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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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I saw this piece on what happened to the 50 schools closed in 2014.
https://abc7chicago.com/education/what-has-become-of-50-vacant-cps-schools-/2009886/
Bust this slimy gang of theives. CTU doesnt gave a rats ass about the chidren. All that CTU cares about is raping the hardworking taxpayers of Chicago. Contract terms should be: Pay cuts, massive staff cuts,close under populated schools, fire 1/3 of teachers – the incompetent, require full CTU pension payments. Prepare for a strike until January or February. If CTU doesnt accept these terms then either fire them all or line them up along a wall,shoot them all and start over. No one will miss them and the world will be a better place. CTU are the most disgusting… Read more »
Tom Paige’s Ghost, I suppose you think this particular work group, CTU, is decidedly different in their personal work objectives as compared to others. I don’t! While we’re at it let’s give equal time and complaints about others who rob us blind: lawyers, plumbers, electricians, carpenters, roofers, landscapers, etc., etc, etc.! I particularly hate it when any business sends someone to my house where someone charges me $150 for their labor when they spend maybe only 30 minutes doing it! That seems to happen ALL THE TIME. I can easily remember a time only a few decades ago when those… Read more »
Clearly you haven’t been paying attention. In the real world results matter. Only within the government/politician criminal cabal does failure get rewarded with pay increases. CPS teachers are among the highest paid in the country and turn out some of the worst educated students in the country. A nice first step to rectify this problem is for CPS to be able to fire the most incompetent teachers. Instead CTU viciously protects their most incompetent like little union gold nuggets and refuses to budge on the point. Additionally, CPS enrollment has been shrinking for decades and teacher headcount must shrink commensurately… Read more »
I suppose to your surprise I happen to agree with much of what you’ve here, but your response had little to do in any direct way with the argument I was trying to make. Your “results matter” argument sounds nice in the abstract but doesn’t play out cleanly in the real world anywhere. There are always reasons why that’s the cases, and many such reasons have great credibility. Teachers aren’t like factory workers who reliably turn out the same product quality with the same inputs. Humans are vastly different from one individual’s motivations, preparedness and abilities as compared to another’s… Read more »