-- 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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This is the “systemic racism” the left never gets called out for.
How can there NOT be anything illegal, immoral, improper, unethical with this?
We need serious campaign funding reform – and FAST.
But it won’t happen now, will it? Reform would have to be passed by the very people who benefit from this highly questionable policy.
“Those unions put over $1 million into Welch’s campaign coffers and did the same for Harmon – both of whom sent their own children to private schools.”
Doesn’t bother any of them for a second. Illinois’ public employee teacher’s unions are a Marxist political party allied with the Democrats. I wouldn’t be surprised to learn that any number of union big wigs send their kids to private schools as well.
The CTU financed both sides. They are winner no matter what. Each Union vote will cost tens of thousands of dollars paid by taxpayers. Such a good deal. Flee before the Schitt really hits the fan.