-- 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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There needs to be a solution to compulsory union membership. A lot of teachers, probably the majority, do not support the militant leaders of the ctu but are afraid to act or speak out. The union is like a gestapo policing it’s ranks and ousting anyone who dares think different. Those teachers who want to work and dont believe the union the should be a weaponized political force need protection.
STOP THE PAYCHECKS.
Easy solution; give them the terms for their return and if they don’t comply fire them immediately. Ronald Reagan, PATCO style. He was a titan of his time who knew when to make bold moves. Not this failed leadership we see today where the inmates run the Asylum.
Fire everyone of them they thing they are irreplaceable bull crap.
If they don’t report to work, don’t pay them.