-- 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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That’s the way CTU rolls, and the rank and file know it. The teachers have good jobs, good pay and no expectations or oversight. They don’t need any help from CTU as long as their dues are judiciously distributed to support their continued status as Educators. CPS and CTU are joined at the hip.
Teachers are the last thing that crooked corrupt CTU cares about
The party will soon be over ha ha