-- 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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Well here’s an easy fix. Go to the polls with notes on who the union backs and vote the opposite . Thats the only way
If CTU endorses a candidate, do not vote for that candidate.
Illinois voters were polled, not Chicago voters.
Right. Might as well have polled people in another state while they were at it.
CTU is a political group, not a labor union time to designate them as one.
I guess it’s time to come up with something other than “it’s what the voters want!”