-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Better Headline Sun times: “Who came out behind in theatrical farce CPS-CTU contract pantomome? The taxpayers and the students” You’re welcome.
I’ll give you a hint; it wasn’t the kids or their prospective future employers.
Lopez, Gates and Six Percent are crashing into each other doing victory laps. In the end, the extorted taxpayers and uneducated, unemployable kids are the losers.
Johnson is such a blow hard Pin Head. The Board and the Mayor, never mentioned the friggin tax payer or children or parents. 400 more assistant teachers…and 90 librarians…to teach who? 90 Librarians? The entire district is a patronage job program.
Interesting how the CTU successfully negotiated smaller class sizes. I wonder what the average, pre-contract class size was? Remember to include all those schools under half-filled with students. I guess we boomers must have been gifted, had gifted teachers, or both to learn despite such large class sizes. For the most part, it was neither. It was having parents and teachers who instilled work ethic in us, disciplined us as needed, and taught us to respect others. You can keep paying today’s public-school teachers until they make more than surgeons, but the kids would still be very poorly educated because… Read more »