-- 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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Me thinks we should send all of these CTU commies to Cuba.
Bunch of whining POS grifters!!
Whether it okayed 6 , 16 or 60 they sold their souls for the vote not worrying about impact on the constituents that elected them
Teachers unions should legally be designated political activist groups. They’re all about power. Investigate them. These unions don’t care about education.
In other words, the lawmakers rejected what the CTU requested on 14 of the 20 bills on which it took a position. Kinda good. Let’s aim for 20 of 20 rejects.
Any union worth its salt proposes ridiculous demands knowing full well that they will be rejected so that they can pass what they really want because management doesn’t want to be seen as rigid and anti- union, which they surely will be portrayed as.