-- 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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The CTU put Brandon in place,
Now they run the whole office and space.
With Pedro in sight,
They’ll show him the light—
But the board might still have a say in this race.
If the Mayor doesn’t toe their line,
The union’s grip will only incline.
With radical might,
They’ll plot his next flight—
And his seat in the office decline.
I see the “Goon Squad” is on the job.
No private business would ever borrow money to pay wages. Wages are paid from profit income on hand. Since the school system depends on public taxes, you’d think they’d be concerned with public satisfaction and public trust. But no, they actually chase their rational clientele away. The system should be shut down! Vouchers are the only answer!