-- 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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Fantastically sickening..also ctu’s latest threatened strike has little to do with chicago-kids, parents or taxpayers and everthing to do with national politics. Teachers unions throughout the counrty are watching what’s the outcome in Chicago (im betting in the end ctu tries to insert some kind of hazard pay provision)…also don’t forget the teachers unions got Biden and jb in their pockets..us tax payers are just colon blow
The bigger question is why do the major news outlets ignore this? Why are they so in love with ctu? Why do they let ctu get away with portraying themselves as progressive sjw fighting for poor kids of color when in reality they are no differnt than any other pay-to-play Illinois political groups? Offering upper income fake socialist progressivism for the few at the expense of the many. GREAT JOB KONKOL!!!