-- 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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Perhaps a Chicago taxpayer should sue CTU for “theft of public services”.
WOW!!–IN YOUR FACE CRAZY!!! Can CTU members be INSIDE school handing out BCH flyers & politicking? Or do CTU members have to be OUTSIDE school property? CTU statement only states AT your school.—“Before or after school, join a team of co-workers and distribute Bring Chicago Home flyers to parents at your school. Let’s spread the word and mobilize support! Make sure you are off the clock during this time.”