-- 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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Imagine that! Stacy Dave Gates and the Chicago Teachers Union treating some of its members like…well…like slaves on a plantation!
Cockroaches scramble and hide when you turn on the light.
The corruption of the CTU terrorist organization is bottomless. CTU is the poster child of the criminal evil of public sector unions. When SCOTUS finally agrees that public sector unions are deeply unconstitutional, these thieving grifters will be dumbly baffled and gobsmacked. CTU thinks that they have a right to free money and unlimited power in exchange for no work and votes sold to democrats.
I would love to see Gates squirm.
A must read, Jonathan Bilyk is simply the best political reporter hands down.
What’s remarkable is that, while Bilyk is not a lawyer, his reporting on legal matters is exceptional.