-- 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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Keep that money flowing slaves. Your masters will take nothing less than more. Personally, I don’t think your taxes are high enough. They should be double or triple. You like being slaves? Pay your masters for the privilege.
“If the union really believes that those staff are needed to improve student outcomes….” Uh. CTU doesn’t give a fig about student outcomes. That reasonable but naive assumption is folly when discussing the terrorist gang of CTU. They are not teachers. They are greedy parasitic bacteria who only want to steal from anyone including the taxpayers.