-- 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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So it will be the worst of both worlds. An outside vendor controlled by the evil vermin of CTU. Bust this union now.
While I’m sure Aramark and Sodexo were incompetent in many ways, I bet CTU and SEIU encouraged their union members to be dirtier and less courteous than they would have been had the cleaning staff been CPS employees. Teachers and principals will always have a motivation to make things as difficult as possible for any outsourced resources they cannot control themselves.
this mentality is how Democraps operate; turn over the chess board when losing. Fraud in the Potato at the expense of faith in elections and government. Appoint mentally ill individuals to preside of health of Americans. And on and on and on.