-- 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 Tribune editorial response penned by slimy smarmy scummy whining grifter-in-chief Davis Gates is appalling. CTU truly is the most disgusting and thieving of all public sector unions. Anyone who remains a CTU member after the Janus decision is part of CTU’s ongoing criminal and terrorist activities. You’d think that CTU members would be ashamed of their educational failure but instead they are proud of this abomination. When public sector unions are made unconstitutional the CTU members should be the first to be tossed into the sewer.
Teachers seem to have assumed the mantle of non- culpability once only inhabited by doctors, lawyers and politicians.
How dare the Tribune wake up and point out that CTU members don’t actually work. Disobedience to their masters will not be tolerated.