-- 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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Say what!!!, Maybe for first time jb vetoes a pub sec union friendly bill? And then creates a backdoor initiative to fund the same covid days off he just vetoed??…more machine, three-card-monte, con games. Now one can only assume all are other public sector heros will demand a similar deals. And lots of lawsuits by un-vacced educational employees.
I think the new bill only covers those that are vaccinated. Unvaccinated don’t get the additional benefit.
Yah–that was my point, can jb discriminate against the un-vaced? Ppf–Are you in the Illinois ed business? And if not, i assume as a public sec employee, aren’t you going to want to get the same paid covid sick days ‘initiative’ deal as your fellow gov education workers?