-- 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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just plain greedy
CTU members are the most parasitic of all public sector union members. The only solution is school vouchers for all and destruction of this terrorist organization. With the Janus ruling, all CTU members with a conscience and morality can leave. Those that stay have a special place in hell awaiting them.
Time for a new rubber blow up, leachy the leach. The management of the CTU suck everything out of it members.
Let get leachy out in front of CTU headquarters.