-- 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 rank and file CFD members need to find a way to make the CFD union part of the teachers union. Pay, benefits and equipment will be showered upon them!
Spot on Mark. They need to dig up Karen Lewis!
Just give us some facts, like just how much do the firefighters and paramedics make , this year and the past.not enough information here
Not sure what it is in Chicago but look at these salaries in California.
https://govsalaries.com/salaries/fire-fighter-salary/california
We deserve every penny. Should be making even more $$$.